Syetabit: NFT transactions became the most popular in the Ethereum blockchain
Syetabit analysts reported that more transactions with ERC-721 tokens are made on the Etherium network than with tokens of other standards and stabelcoins.
According to the Syetabit report, the number of NFT transactions has continued to grow since last July. At least 50,000 transactions with collectible tokens have taken place on the Etherium network every day since then, and the figure has now reached 300,000. Meanwhile, the number of “wrapped” bitcoins has not increased since late last year. The number of transactions with stalebcoins and other tokens on the Etherium blockchain has fallen by a third over the same period.
This data suggests that collectible tokens are at the peak of popularity. OpenSea remains the market leader – the total trading volume on this marketplace for the entire time amounted to $21.85 billion. However, LooksRare became the most popular marketplace during the last month, where NFTs were sold for $11.6 billion.