How big is the NFT market?

Starting from July 2020, the market has experienced a dramatic growth, with the total volume exchanged daily surpassing \ (\sim 10\) million US dollars in March 2021, thus becoming 150 times larger than it was 8 months earlier. We measured to what extent different NFTs categories contribute to the size of the whole NFT market.

How big is the non fungible token (NFT) market?

In 2020 the non-fungible token or NFT market size was estimated at $232 Million. Then in 2021 it was valued at $22 Billion, which is a huge increase.

How much did NFT sell in 2020?

The total value of all NFT sales in 2020 was $250 million, a whopping four times the size it had been just last year. Compared to 2019, where there were only 62.9 million transactions traded on average per day, this shows that people are starting to see crypto as an opportunity not worth passing up!

What does NFT metric Mean?

The metric revises an estimate the firm included in a December report on NFTs that was based on data through mid-October, said Maddie Kennedy, a spokeswoman for Chainalysis. Read more: NFT Hype Sparks a Rush by Finance Pros to Mimic Hot Market