• NFT trading volume increased to $2 billion in February, reaching its pre-LUNA crash levels.
• Ethereum (ETH) remained the top blockchain by NFT trading volume, with $1.8 billion in trading volume.
• Blur triumphed over OpenSea in terms of trading volume, facilitating over $1.3 billion in February.

NFT Market Trading Volume Reaches Pre-LUNA Crash Levels

Overview of NFT Trading Volume

Non-fungible token (NFT) market’s trading volume increased to $2 billion in February, reaching its pre-LUNA crash levels, according to DappRadar’s Industry Report. The NFT trading volume recorded a 117% spike from January’s $956 million, as the DappRadar data shows. Despite the significant surge in the NFT trading volume, the sales count recorded a 31.46% decrease, falling to 6.3 million from January’s 9.2 million.

Top Blockchains for NFTs

In February, Ethereum (ETH) remained the top blockchain by NFT trading volume. The chain recorded $1.8 billion in trading volume, which marks a 174% increase from the $659 million in January. Based on these numbers, ETH represents 83.36% of the entire NFT market. Solana (SOL) and Polygon (MATIC) followed ETH as the second and third chain, with the highest NFT trading volume in February respectively recording a 12% decrease and 147% increase from January’s figures respectively..

Which Marketplace is Busiest?

Blur triumphed over OpenSea in terms of trading volume last month; facilitating over $1

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