Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Democratic senators try to block President Trump’s crypto companies, stating ‘Grift’ and national security risks

2025-05-08

Securitize is at the top of the list, tradable, ONDO, paxos and other dominant players

2025-05-08

Bitcoin price flash signal that has led to an increase every time

2025-05-08
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Securitize is at the top of the list, tradable, ONDO, paxos and other dominant players

    2025-05-08

    Solana’s software supports these Layer-1’s

    2025-05-08

    Element goes live on abstract blockchain to power the next generation of modular daps

    2025-05-08

    Camino works together with Lufthansa Systems and Swiss to stimulate innovation in the travel industry

    2025-05-08

    How Plume is planning to scale tokenized real estate to $ 4 trillion by 2035

    2025-05-08
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin hits $ 101k to reclaim six digits, because Trump confirms us, UK Trade Deal

    2025-05-08

    Crypto Exchange Coinbase adds Gold-Pegged Stablecoin Paxg to the list of route map

    2025-05-08

    XRP is forming bullish reverse dragon head pattern, how high can the price go?

    2025-05-08

    Bitcoin is recovering, but the market is still sharp with short -term holders near Breakeven

    2025-05-08

    Analysts say that $ 2,500,000,000,000,000 ‘avalanche’ of selling could reach the US dollar, warning trade wars threaten Greenback’s profession: report: report

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»NFTs are coming back to life with trading activity increasing by 166% by 2023
NFT

NFTs are coming back to life with trading activity increasing by 166% by 2023

2024-01-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Non-fungible tokens (NFTs) have also reported an uptick in movement, according to DappRadar, amid positive price swings in the crypto market and the approval of 11 Bitcoin Exchange Traded Funds (ETF).

“NFT collections have seen increasing interest as the number of new wallets trading and using these assets has increased by 166%,” the report said.

NFTs and Dapp industries skyrocketed last year

According to a recent report, the decentralized application industry (Dapp) will see significant growth by 2023.

The company pointed to the big increase in Unique Active Wallets (UAW), which rose 124%, amounting to approximately 4.2 million daily UAW by the end of the year.

Dapp Industry Unique active wallets. Source: DappRadar

Still, NFT prices are not following the increases we have seen in 2021. Despite the decline in both prices and trading volumes, there has been a substantial increase in the amount of NFTs sold.

“NFTs have become a lot cheaper in 2023, causing trading volume to drop 49% to $12.6 billion. However, the number of NFTs sold increased by 445% to 60 million,” the statement said.

Before 2023 started, BeInCrypto reported in December 2022 that the key factors that will positively impact NFTs in the coming year will be brand loyalty and decentralized finance (DeFi). Major brands jumping into this space, such as Samsung, Gucci and Nike, only strengthen the space and make it more accessible to the mainstream.

Additionally, Blur took the number one spot in NFT trading volume. It experienced annual growth of 56%, while OpenSea maintains the highest number of merchants, with an average of 280,000 merchants per month.

See also  The role of NFTs in the preservation and reinterpretation of art

DappRadar approves almost 3K Dapps in 2023

DappRadar itself stated that it had approved 2,985 Dapps within a year, the majority of which were NFT and gaming-oriented.

NFT collections accounted for 25%, while blockchain games recorded 21%.

Share of approved dapps on DappRadar.

Despite NFTs seeing a decline in recent years, analysts continued to show confidence in their success.

In June 2023, BeInCrypto reported that forecasts predict an impressive compound annual growth rate of 34.2% between 2023 and 2030. This indicates that the increase in the value of digital assets has been phenomenal.

Disclaimer

In accordance with the Trust Project guidelines, BeInCrypto is committed to impartial, transparent reporting. This news article is intended to provide accurate, timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy and Disclaimers have been updated.

Source link

activity coming Increasing Life NFTs Trading
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Drink-to-earn? A new sparkling water comes with an NFT and points

2025-05-08

Cobie says we will return if someone buys this $ 20 million NFT

2025-05-08

Edge Matrix, Colabs Partner to strengthen NFT -Makers

2025-05-08

Bitcoin network activity is falling to wear market levels – Red flag or buying signal?

2025-05-07
Add A Comment

Comments are closed.

Top Posts

Bitcoin miners rejoice as transaction fees rise

2023-09-08

SEC Launches Crypto Task Force to Create Clear Regulatory Framework for Digital Assets

2025-01-22

Cardano Summit 2023: Merging AI and Blockchain, Funding and Day 2 Recap

2023-11-04
Editors Picks

Sony ventures into Web3 with Blockchain launch timeline

2023-11-25

Chainlink brings VRF and functions live to Soneium Network

2025-04-04

Solana (SOL) in danger: can there be more losses on the horizon?

2025-01-29

Aptos – What exactly will the month of June bring?

2023-05-26
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Democratic senators try to block President Trump’s crypto companies, stating ‘Grift’ and national security risks

Securitize is at the top of the list, tradable, ONDO, paxos and other dominant players

Bitcoin price flash signal that has led to an increase every time

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,064.885.84%
  • ethereumEthereum(ETH)$2,174.1219.18%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.297.48%
  • binancecoinBNB(BNB)$623.473.48%
  • solanaSolana(SOL)$161.589.07%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.19470512.70%
  • cardanoCardano(ADA)$0.7612.70%
  • tronTRON(TRX)$0.2566803.01%
  • suiSui(SUI)$3.9818.45%
  • chainlinkChainlink(LINK)$15.7513.43%
  • avalanche-2Avalanche(AVAX)$21.8711.10%
  • stellarStellar(XLM)$0.28862810.47%
  • bitcoin-cashBitcoin Cash(BCH)$422.3512.77%
  • shiba-inuShiba Inu(SHIB)$0.00001410.96%
  • hedera-hashgraphHedera(HBAR)$0.1935629.66%
  • unus-sed-leoUNUS SED LEO(LEO)$8.841.08%
  • the-open-networkToncoin(TON)$3.195.32%
  • hyperliquidHyperliquid(HYPE)$22.917.96%
  • litecoinLitecoin(LTC)$93.923.45%
  • polkadotPolkadot(DOT)$4.4211.20%
  • moneroMonero(XMR)$299.526.15%
  • daiDai(DAI)$1.00-0.02%
  • bitget-tokenBitget Token(BGB)$4.485.89%
  • ethena-usdeEthena USDe(USDE)$1.00-0.08%
  • pepePepe(PEPE)$0.00001133.17%
  • piPi(PI)$0.649.35%
  • uniswapUniswap(UNI)$5.9421.35%
  • bittensorBittensor(TAO)$417.2711.79%
  • aptosAptos(APT)$5.4112.58%
  • nearNEAR Protocol(NEAR)$2.6917.07%
  • okbOKB(OKB)$52.603.83%
  • aaveAave(AAVE)$203.4417.14%
  • ondo-financeOndo(ONDO)$0.9610.00%
  • ethereum-classicEthereum Classic(ETC)$18.4814.06%
  • internet-computerInternet Computer(ICP)$5.1711.67%
  • gatechain-tokenGateToken(GT)$21.903.52%
  • crypto-com-chainCronos(CRO)$0.0979296.93%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.24908513.59%
  • kaspaKaspa(KAS)$0.0981105.87%
  • mantleMantle(MNT)$0.755.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.4012.33%
  • vechainVeChain(VET)$0.02815513.00%
  • render-tokenRender(RENDER)$4.669.65%
  • usd1World Liberty Financial USD(USD1)$1.000.22%
  • ethenaEthena(ENA)$0.33764225.45%
  • filecoinFilecoin(FIL)$2.9011.62%
  • algorandAlgorand(ALGO)$0.22308111.84%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7713.28%
  • bitcoinBitcoin(BTC)$103,064.885.84%
  • ethereumEthereum(ETH)$2,174.1219.18%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.297.48%
  • binancecoinBNB(BNB)$623.473.48%
  • solanaSolana(SOL)$161.589.07%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.19470512.70%
  • cardanoCardano(ADA)$0.7612.70%
  • tronTRON(TRX)$0.2566803.01%
  • suiSui(SUI)$3.9818.45%
  • chainlinkChainlink(LINK)$15.7513.43%
  • avalanche-2Avalanche(AVAX)$21.8711.10%
  • stellarStellar(XLM)$0.28862810.47%
  • bitcoin-cashBitcoin Cash(BCH)$422.3512.77%
  • shiba-inuShiba Inu(SHIB)$0.00001410.96%
  • hedera-hashgraphHedera(HBAR)$0.1935629.66%
  • unus-sed-leoUNUS SED LEO(LEO)$8.841.08%
  • the-open-networkToncoin(TON)$3.195.32%
  • hyperliquidHyperliquid(HYPE)$22.917.96%
  • litecoinLitecoin(LTC)$93.923.45%
  • polkadotPolkadot(DOT)$4.4211.20%
  • moneroMonero(XMR)$299.526.15%
  • daiDai(DAI)$1.00-0.02%
  • bitget-tokenBitget Token(BGB)$4.485.89%
  • ethena-usdeEthena USDe(USDE)$1.00-0.08%
  • pepePepe(PEPE)$0.00001133.17%
  • piPi(PI)$0.649.35%
  • uniswapUniswap(UNI)$5.9421.35%
  • bittensorBittensor(TAO)$417.2711.79%
  • aptosAptos(APT)$5.4112.58%
  • nearNEAR Protocol(NEAR)$2.6917.07%
  • okbOKB(OKB)$52.603.83%
  • aaveAave(AAVE)$203.4417.14%
  • ondo-financeOndo(ONDO)$0.9610.00%
  • ethereum-classicEthereum Classic(ETC)$18.4814.06%
  • internet-computerInternet Computer(ICP)$5.1711.67%
  • gatechain-tokenGateToken(GT)$21.903.52%
  • crypto-com-chainCronos(CRO)$0.0979296.93%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.24908513.59%
  • kaspaKaspa(KAS)$0.0981105.87%
  • mantleMantle(MNT)$0.755.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.4012.33%
  • vechainVeChain(VET)$0.02815513.00%
  • render-tokenRender(RENDER)$4.669.65%
  • usd1World Liberty Financial USD(USD1)$1.000.22%
  • ethenaEthena(ENA)$0.33764225.45%
  • filecoinFilecoin(FIL)$2.9011.62%
  • algorandAlgorand(ALGO)$0.22308111.84%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7713.28%