DappRadar

The NFT space is filled with captivating developments, illustrating an industry in a state of continuous expansion and transformation. As we mark one year since the landmark Terra Luna event, the market displays evident signs of maturation and progressive growth. However, this evolution comes with changes in the status quo. Read this report to find out more. Key Takeaways<ul><li>In May 2023, NFT sales could fall below $1 billion for the first time this year, as trading volume is currently $333 million from 2.3 million sales.</li><li>Daily unique active wallets (dUAW) linked to NFT activities surged by 27% in May, reaching 173,000, partly fueled by the hype around Milady Maker collection.</li><li>Ethereum dominates 81% of the NFT market with $270 million in trading volume but only has a 5.7% share of total NFT sales. Instead, Polygon leads in sales count with a 26.9% share.</li><li>Despite its roots in the DeFi sector, Arbitrum is demonstrating potential in the NFT market, overseeing 69,000 sales with a trading volume of just $1.5 million.</li><li>Blur significantly leads the NFT marketplace with a 62% stake on trading volume, while OpenSea, despite having a larger user base (104,882 traders vs. Blur’s 12,747), only commands 26% of the market.</li><li>Over 7.4 million Bitcoin Ordinals have been minted, with the Ordinal Punks and TwelveFold collections having trading volumes of 11.85 and 14.9 BTC respectively, making them prominent players.</li></ul>Continue reading the report &#x1f449; <a href="https://dappradar.com/blog/nft-market-nearing-sub-1-billion-era" rel="noopener noreferrer nofollow">HERE</a> &#x1f448;

NFT Market Nearing Sub-$1 Billion Era?

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