NFT Trading Volume Increases Amid Crypto Crash, Report

While the cryptocurrency crash last week saw bitcoin (BTC) lose 30% of its price and almost a million traders liquidated in one day, NFTs saw increased trading volume.

Non-fungible tokens (NFTs) have been rising exponentially, over the past year, and this was reflected across the first quarter of 2021. The digital tokens took off, as more people were spending time at home during lockdowns, and cryptocurrency prices soared.

“Since the crash that started on May 12, the average trading volume for NFTs is approximately $5,8 million per day. While in the first 11 days of the month, the average daily volume was $14,9 million,” says a report from DappRadar.

Despite the market crash, users have been…