According to data disclosed by blockchain analysis company Nansen, NFT transaction volume will reach US$4.5 billion in the first quarter of 2023, more than double the US$1.9 billion in the fourth quarter of 2022.
The number of unique wallets trading NFTs reached 13.9 million in Q1 2023, a 24.5% increase from 11.2 million in the previous quarter.
The data shows that the number of new NFT users has not seen a large increase, and the surge in transaction volume may be related to the airdrop of BLUR tokens. In May, NFT transaction volume has fallen back to a bearish level in 2022, and the weekly transaction volume is only about 90,000 ETH.