Volumes on Ethereum-based NFT markets broke a four-month downward trend in December
January 3, 2022, 11:47AM EST · 1 min readNon-fungible token marketplace volumes had been steadily decreasing between August and November 2021. December broke that trend, according toMonthly NFT volumes for Ethereum-based marketplaces increased 16.6% from November to December, reaching $2.26 billion in the last month of 2021.
Possible explanations for December’s rise in sales volume could be increased interest in Bored Ape Yacht Club and gaming-focused NFTs during that month.
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