Over 101 million NFTs sold last year

DappRadar analysts presented a report according to which in 2022 the number of sold non-fungible tokens reached 101 million, which is 67% more than in the previous year.

According to DappRadar, the Ethereum ecosystem ranked first in terms of the number of NFTs sold, accounting for about 21% of the market share. Wax is second with 14.5%, Polygon is third with 13.3% and Solana is fourth with 12.9%. The Immutable X and Solana ecosystems saw significant growth compared to 2021, with transaction activity up 315% and 440%, respectively.

Notably, the BNB ecosystem has seen little to no change, with 1 million transactions in 2021 and 2022. Analysts also singled out Ethereum and Cardano as platforms with the most active developers. Activity in the Cosmos and Polkadot modular blockchains also increased by 131% and 16%, respectively.

Experts said that the NFT sector is still doing great despite the market crisis. At the same time, the company believes that it will continue to expand in the new year. Also in 2022, there are many new networks and decentralized applications that will grow and strengthen their market positions, which will lead to increased competition.

Earlier, DappRadar presented a report according to which the number of active crypto wallets increased by 7% in October compared to the previous month. According to experts, this may indicate a crypto winter coming to an end. However, the report was published before the collapse of the FTX crypto exchange.

Source: CryptoNewsHerald.com

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