NFT sales expected to grow 6% – DappRadar
NFT sales are expected to increase 6% to reach $21.1 million by the end of the third quarter despite overall trading volume being down 75%, according to DappRadar‘s latest report. Despite the crashing prices during the coldest winter in crypto history and the declining market volume.
Ethereum suffered a great deal during Q3 2022. Top 100 Ethereum NFT projects lost 44% of their market cap in total, downsizing to $19 billion compared to the previous quarter. Immutable X (IMX) NFTs recorded an increase during the third quarter. According to the report, its trading volume increased 87% since the previous quarter, indicating the potential of Web3 games. sales count dominance in the NFT market is considered, Ethereum (ETH) looks like it holds the most significant share with 26.2%.
