NFT Trading Volume Jumps by $99 Million in October
Crypto data firm DappRadar has reported that the NFT trading volume increased by $99 million in October compared to the previous month, despite the mass layoffs at OpenSea. The report highlighted that NFT trading volume increased by 32% from $306 million in September to $405 million in October, which is the highest level of sales since August. The rise in NFT trading volume came as the price of Bitcoin bounced above $35,000, touching its highest price in 16 months. However, the overall number of NFTs sold in October decreased by 5% compared to September.
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