Nansen: The current total market value of NFT is US$5.6 billion
According to blockchain analysis platform Nansen, the total market value of NFTs (limited to ETH) was 2,635,087 ETH (worth $4.7 billion in ETH price) last week. Today, the total market value of NFTs is 2,973,212 ETH (worth $5.6 billion at current prices). However, the NFT market needs to increase by 535 times to reach the peak NFT market value of $30 trillion in November 2021. One important factor in the decline of the NFT market peak is the decrease in ETH price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FET Investors Bet on GoodEgg’s Long-Term Value and Pontential 100x Gains
Google Cloud Unveils New Blockchain RPC Service for Faster dApps
Solana Investors Maintain Their Focus As They Double Their Mpeppe Bag
GoodEgg’s (GEGG) Unique Features and Use Cases