Investors and collectors in the non-fungible token (NFT) market have been captivated by a number of intriguing trends and developments that have emerged this week. The average trading volume rose 17% to $145.3 million. The 50% spike in sales of digital artifacts based on Bitcoin is a contributing factor.
With a total of over $4.27 million in transactions, Ethereum Name Service (ENS) emerged as a frontrunner among the platforms, according to analysts. That this project is already on the market and is becoming more appealing to investors is highlighted by this. Also, classic NFT platforms like Blur and Magic Eden had a lot of trade activity.
