NFT sales are expected to increase 6% to reach $21.1 million by the end of the third quarter despite overall trading volume being down 75%, according to DappRadar‘s latest report.
Despite the crashing prices during the coldest winter in crypto history and the declining market volume, the number of unique NFT traders has increased by 36% compared to the third quarter of 2021 - a good omen for the near future!
Ethereum Name Service is currently the leading NFT in terms of 7-day volume, with 9,097.7 ETH in sales over that time frame - equal to 12.96% of total NFT market share volume!
The metaverse is booming, as 7-day data shows that aggregate land caps for the top 9 metaverse projects are up 2.62% to 996,060 ETH, or $1.29 billion. Decentraland’s market cap in particular was up for a fifth consecutive week, re-establishing dominance in overall land cap and parcel values from its main competitor, The Sandbox.