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Quarterly NFT Market Report

Free · Q3 · 2021

Quarterly NFT Market Report
Quarterly NFT Market Report
Quarterly NFT Market Report
Quarterly NFT Market Report
Quarterly NFT Market Report
Quarterly NFT Market Report
Quarterly NFT Market Report
Quarterly NFT Market Report
Quarterly NFT Market Report
Quarterly NFT Market Report

Data doesn’t lie, at NonFungible we analyze it and make the complex simple and freely accessible for everyone. Our Q3 Report looks into Non-Fungible Token trends on the Ethereum chain. We use our data to provide an in depth analysis of the market backed with charts and analytics.

Publication date

10/28/2021

Language

English

Page number

35

Reading time

15 min

Format

PDF to download

Level

Intermediate

  • Record USD volume for NFT sales
    Q3 of 2021 broke the $billion threshold by a long way, with almost $6 billion traded on the Ethereum blockchain alone. All indicators continue to show an upwards trend, with the number of wallets in use of both buyers and sellers increasing significantly.
  • Market Distribution
    Unsurprisingly, the collectibles segment generated the most USD volume this quarter, undoubtedly stemming from PFP hype but also from the continual increase in the price of CryptoPunks and Bored Ape Yacht Club.
The recent growth of the NFT industry has been almost unbelievable. In just a few short months, the $billion-dollar mark has been crossed in traded NFTs, followed by $billion per quarter and only then to be surpassed by $billion per month. The market we see evolving today is a market that is growing at an exponential rate, with unprecedented liquidity but it is also even more of a speculative and volatile market than ever before. The current market growth dictates that all investors and NFT stakeholders should pay extra attention as Triple-digit growth goes hand in hand with market instability, unrealistic expectations and potential disappointments.

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