- It was reported that last year's NFT trading volume was $13.7 billion, a 19% decrease compared to the previous year.
- Pudgy Penguins NFT trading volume increased, but the overall NFT market had its worst performance.
- DappRadar evaluated that NFTs usable in the real world are still showing strong performance.
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- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Trend of Non-Fungible Token (NFT) Trading Volume from 2020 to 2024. Image captured from DappRadar website
Last year's Non-Fungible Token (NFT) trading volume recorded the lowest since 2020.
According to Cointelegraph on the 15th, the blockchain analysis platform DappRadar released a report on the 14th (local time) containing this information. According to the report, last year's NFT trading volume was $13.7 billion, a 19% decrease compared to the previous year. Last year's NFT sales were 50 million, down 18% from a year ago. DappRadar stated in the report, "2024 marks the worst performance for the NFT market since 2020."
The NFT with the highest trading volume last year was Pudgy Penguins. Last year, the trading volume of Pudgy Penguins NFTs was $786 million, a 140% increase compared to the previous year. However, during the same period, the number of sales decreased by 44%. DappRadar noted, "NFTs that can be utilized in the real world are still showing strong performance."
Meanwhile, the highest NFT trading volume was recorded in 2022. At that time, the trading volume was $57.2 billion, with 121.7 million sales.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto JournalistPiCK News
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