The Global NFT trading volume has surged over 200% in 2022 as the public awareness of the existence of non-fungible tokens (NFTs) and the metaverse increases. Their trading volume is witnessing a steady increase.
It is worthy of note that the total volume traded in NFTs has recently exceeded 18 million ETH or $54 billion in aggregate value. This is according to the data from the cryptocurrency market analytics platform IntoTheBlock.
IntoTheBlock’s chart shows that the global trading volume of NFTs grew from $16.94 billion on January 1, 2022, to $54.58 billion on April 17, which is an increase of 222.2% since the year’s turn. The platform previously shared another chart on April 13, showing that the NFT adoption curve was actually still in the beginning stage with only 4.5% of ETH addresses with a balance being holders of NFTs.
This percentage as well is recording a slow yet stable increase over time, and on April 17, it stood at 4.64%, as according to IntoTheBlock data.
The crypto community also has believers in the future boom of NFTs, including Gate.io’s chief marketing officer (CMO) Marie Tatibouet.
In Paris Blockchain Summit, Marie Tatibouet said she agrees with Shark Tank’s Kevin O’Leary in his view that non-fungible tokens could outshine Bitcoin (BTC) in terms of market capitalization:
She said: “Absolutely. I think 100% because the NFT market can be so many different things and I really do think for example all of the art pieces will have NFTs or fractionalized NFTs as well associated with them every single piece of art for short not now but 10 years from now I’m almost certain.”