According to The Block Research, the transaction volume of NFTs exceeded 13 billion dollars in 2021.
According to data dated 28 December, NFT trading volume in 2021 is 42% compared to 2020. It has increased by 988 percent. Last year’s NFT trading volume was just over $33 million.
According to the data, 88% of the transaction volumes took place in OpenSea. That equates to over $12.5 billion.
Crypto Transaction Volume Grows in Every Area
The crypto industry has grown considerably compared to the past year. This growth is also reflected in the figures. While the transaction volume of centralized exchanges was at the level of 1.8 trillion dollars in 2020, it increased by 689% to over 14 trillion dollars in 2021.
Decentralized exchanges (DEXs) have also seen a huge increase. DEXs, which had a trading volume of 115 billion dollars by 2020, reached over 1 trillion dollars in 2021.
The growth in the industry has had an impact on every aspect of crypto. Bitcoin (BTC) and Ethereum (ETH) futures contracts also surpassed $32 trillion in 2021. In the previous year, the transaction volume was over 7 trillion dollars. This means an increase of 338%.