Otherside's NFT Drop Temporarily Turned Ethereum Into a Deflationary Asset: DappRadar Reports

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Otherside's NFT Drop Temporarily Turned Ethereum Into a Deflationary Asset: DappRadar Reports
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The NFT sector is booming again while DeFi faces the challenge of a fearful market., the new Dapp Radar report reveals.

After becoming the hottest trend in fintech and crypto over the past few months, the NFT space transitioned to a cooldown phase. But this trend appears to be changing as well as the latest edition of the Dapp Industry Report by Dapp Radar suggested that the market is coming back to life.CryptoPotato

In addition to Ethereum-based collections, the demand for Solana-based NFTs also saw a surge. The report mentioned that collections such as DeGods and Okay Bears managed to enter the top 30 most traded NFT ones in April.The duo reportedly made $44 million and $23 million in sales, respectively.

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