Bumper week for NFT trading shows the space is still in a strong position
Summary
- OpenSea and LooksRare together account for over $1.5 billion in NFT trading volume in the past 7 days.
- New NFT project Moonbirds generated over 111,000 ETH ($330 million) by itself.
NFT trading over the past seven days went over $1.5 billion. The huge volume was driven, in part, by the new NFT project Moonbirds. But other collections certainly did their part for the cause and helped to push forward a market that is still going strong despite the calls of bears.
NFT trading volumes look strong
Predictions about the cooling down of NFT trading may have been premature. Over the past seven days, the volume of NFT trades across the two biggest secondary marketplaces topped the $1.5 billion mark.
Across the 13 weeks of Q1 2022, NFT trades generated $12 billion in sales. That averages out to around $923 million in sales per week.
As we can see in the chart below, NFT trades have been…
