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Data Show Monthly NFT Trading Volume Reaches All-time High of $6 Billion in January

Amy Liu

Summary: Monthly non-fungible token (NFT) trading volume in January has already reached a record high of $6.13 billion, according to The Block Data Dashboard.  Monthly NFT volume grew 129% in January relative to December. Much of the increase was due to the latest contender in the NFT marketplace scene, called LookRare, which accumulated nearly $2 billion ...

Monthly non-fungible token (NFT) trading volume in January has already reached a record high of $6.13 billion, according to The Block Data Dashboard.  Monthly NFT volume grew 129% in January relative to December. Much of the increase was due to the latest contender in the NFT marketplace scene, called LookRare, which accumulated nearly $2 billion in volume after its launch on January 10. Aside from Ethereum-based NFT marketplaces, total NFT sales on Solana surpassed $1 billion in all-time volume in January as well.

By Amy Liu

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