Despite what you heard, NFT market is far from dead: DappRadar

Cointelegraph

Published Jun 09, 2022 12:01PM ET

Updated Jun 09, 2022 03:00PM ET

The market for nonfungible tokens, or NFTs, has slowed from its peak, but that doesn’t mean the industry is dead — far from it, actually.

NFT sales volumes came in at a healthy $3.7 billion in May, according to DappRadar’s latest Industry Report, which was released on Wednesday. While volumes were down 20% compared with April, industry activity remains robust considering that crypto assets as a whole are in a bear market.

While NFT sales and trading volume are down from their peak, industry activity remains robust. Source: DappRadar.

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