NFT Trading Volume Up 222% In 2022

Analysts at IntoTheBlock have stated that the popularity of the non-fungible token (NFT) sector does not plan to decline, but vice versa. According to them, the volume of trade in digital collections has exceeded the $50 billion mark, which means that this parameter has grown several times compared to last year.

According to the IntoTheBlock platform, total NFT trading volume recently surpassed 18 million ETH, or $54 billion in history. As of April 18 of this year, the global volume of transactions in non-fungible tokens increased from $16.94 billion as of January 1, 2022 to $54.58 billion, which is 222.2% more than at the beginning of this year.

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As the public becomes more aware of the existence of non-fungible tokens (NFTs) and the metaverse thanks to the announcements of many celebrities and brands, trading volumes in the sector will steadily increase, according to experts.
Also, experts assured: the era of mass implementation of NFT is actually just beginning. The fact is that, according to statistics, only 4.5% of ETH addresses with a balance above zero are holders of digital art.

Earlier, the editors reported : the head of the marketing department of the exchange, Mari Tachibue, said that NFT tokens would definitely overtake the Bitcoin cryptocurrency in terms of market capitalization. According to her, this will happen in the near future. The expert noted that in recent months she has recorded a rapid increase in the level of user awareness of this sector.

This opinion was supported by the CEO of Amazon Inc Andy Jesse. He assured : his organization does not plan to add support for cryptocurrencies as a means of payment. However, the specialist fully believes in the coming boom of non-fungible tokens (NFT).

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