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NFT cumulative trading volume exceeds $65bn in Q2 2022

FOR REPRESENTATION PURPOSE ONLY
By TRENDS Desk
August 1, 2022 10:43 pm
  • The total volume of Non-Fungible Tokens, a cryptographic asset which is unique, surpassed 20 million ether (ETH) - a cryptocurrency - in Q2 2022
  • The NFT market is expected to increase at a compounded annual growth rate of 35 percent.

According to the data from TradingPlatforms.com, the total volume of Non-Fungible Tokens (NFTs) exchanged recently surpassed 20 million ether (ETH) – a cryptocurrency – in Q2 2022. That volume translates to a total value of US$65 billion.

NFT is cryptographic asset which is unique.

Commenting on the data, TradingPlatforms Edith Read said. “NFT popularity is growing with every passing day. The prevailing “crypto winter” has made people shift to NFTs.”

The NFT market is expected to increase by $147.24 billion between 2022 and 2026, at a CAGR of 35 percent.

Marie Tatibouet, the chief marketing officer (CMO) for Gate.io, is one of the enthusiastic members of the crypto community. She is optimistic about the growth prospects of NFTs in the future.

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