Analyst firm DappRadar reports that the number of NFT transactions is gradually increasing despite the unfavorable price movement of cryptocurrencies. Additionally, interest in blockchain-based games is also on the rise.
The total NFT transaction volume in the third quarter of 2021 was $10.7 billion, and in the fourth quarter, this number recovered to $11.9 billion. So far, the US has dominated NFT traffic in 2021. The Philippines ranked second. Brazil, Mexico and Indonesia are the other countries in the top five.