Variety of NFT Collections Doubles This 12 months As Complete Buying and selling Quantity Exceeds $54,000,000,000: IntoTheBlock

by Cryptospacey

Crypto analytics platform IntoTheBlock is revealing that the variety of non-fungible token (NFT) collections has risen dramatically within the first 4 months of 2022.

In a brand new tweet, IntoTheBlock says that the variety of NFT collections on the Ethereum (ETH) blockchain has greater than doubled because the yr began, from round 40,000 to a complete of over 80,000.

“The variety of NFT collections in ETH has elevated by 104.5% simply in 2022.

There at the moment are a complete of 80,300 collections.”

Supply: IntoTheBlock/Twitter

There have been a whole of 39,250 NFT collections initially of the yr. 12 months-over-year, the variety of NFT collections has soared by over 380%. In April of 2021, there have been 16,500 NFT collections in existence, based on IntoTheBlock.

The variety of Ethereum addresses holding NFTs, then again, has risen from 3.35% originally of the yr to 4.64%.

IntoTheBlock additionally says that the whole quantity of NFTs traded surged by greater than 220% from $16.94 billion to $54.86 billion because the yr started. The buying and selling quantity thus far this yr is equal to NFTs price greater than 18 million Ethereum.

“The whole quantity traded by NFTs has just lately surpassed 18 million $ETH with an combination worth of greater than $54 billion.”

Supply: IntoTheBlock/Twitter

Over the previous 30 days, the Bored Ape Yacht Membership was probably the most priceless NFT assortment with a market capitalization of barely over $3 billion, in accordance to IntoTheBlock.

The Bored Ape Yacht Membership is a set of 10,000 Ape digital collectibles on the Ethereum blockchain. These NFTs additionally double up as membership to a “swamp membership for apes.”

CryptoPunks is the second most respected NFT assortment on the Ethereum blockchain. The CryptoPunks assortment is proscribed to 10,000 and at present boasts a market cap of roughly $2.57 billion.

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