Chainalysis's latest report shows that NFT activities have continued to grow steadily in 2022 even though the broader crypto market has remained bearish.
Chainalysis’s latest report shows that NFT activities have continued to grow steadily in 2022 even though the broader crypto market has remained bearish.
As demonstrated in transaction volume, trading activities have since recovered in the mid of April.
In particular, whenever notable NFT projects came on the scene, the number of institutional transfers would spike. The report gave an example as such:
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