NFT trading volume surpassed $13 billion in 2021
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The trading volume of non-fungible tokens (NFTs) surpassed $13 billion in the year 2021, according to The Block Research.
That figure, based on data as of December 28, is a massive 42,988% increase compared to 2020 NFT trading volumes. Last year, NFTs had a trading volume of just over $33 million.
OpenSea is the leading NFT marketplace. It facilitated nearly 88% of the total trading volumes for 2021, or over $12.5 billion, according to The Block Research.
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Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.
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