NFT sales expected to grow 6% – DappRadar

nft-sales

DappRadar expects sales to increase to 21.1 million by the end of the third quarter, despite trading volume being down 75%.

Despite the crashing prices during the coldest winter in crypto history and the declining market volume, the number of unique NFT traders has increased by 36% compared to the third quarter of 2021.

The report stated:

“Taking into consideration the amount of brands that are starting to implement NFTs and the number of unique traders of this quarter (2.2 million), the expansion of the NFT market will continue expanding also in 2023, but the road ahead will be rocky,

When the sales count dominance in the NFT market is considered, Ethereum (ETH) looks like it holds the most significant share with 26.2%.

NFT sales expected to grow 6% - DappRadar

However, 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.

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