Traders on the NFT market increased by 18%

The crypto industry is currently going through hard times, which is called crypto winter. Against the backdrop of a bear market, some coins sometimes show reverse movement dynamics, and interesting news slips in the NFT-sphere. For example, one of the paintings in the CryptoPunks collection was recently sold at a price tag exceeding $700,000, and the first European machine for buying/selling NFT tokens will soon be installed in London.

All this suggests that, despite the general mood, which is negative towards the NFT industry, enthusiasts of non-fungible tokens are not going to give up, and more and more people are joining their ranks. This is reported by representatives of the DappRadar site. According to the latter, the number of unique investors who make various transactions with NFT collections has grown by 18%. In October, there were more than 1,110,000 people trading non-fungible tokens in total. This is causing more and more NFT markets to appear on various exchanges.

Although we sometimes see exceptional large-scale transactions and an increase in the number of NFT enthusiasts, the field of non-fungible tokens, like the rest of the crypto industry, is going through hard times. In terms of specific collections, Yuga Labs had the best performance in October. Their non-fungible tokens sold best. It was under their leadership that such collections as Bored Ape Yacht Club, Mutant Ape Yacht Club and Bored Ape Kennel Club came into the world. Meebits, Otherside and of course CryptoPunks also show great results.

Representatives of the DappRadar platform also noted the strong impact on the NFT-sphere of such indicators as the volatility of stock markets and the tightening of monetary policy in the US and other developed countries. Despite the development of the NFT market as a whole, this sector depends on the overall crypto market.