NFT Transaction Volume Exceeds 140 Million USD Last Week, Reaching New High Since Mid-January

BlockBeats News, July 21, according to The Block, the price of Ethereum has recently risen, driving a rebound in its NFT ecosystem, with on-chain transaction volume reaching the highest level since mid-January. In the past week, the transaction volume of Ethereum NFTs reached 75 million USD, accounting for most of the total transaction volume of 143.5 million USD on major NFT blockchains. Compared to two weeks ago, the transaction volume of Ethereum NFTs has significantly increased, when the weekly transaction volume on the chain was only 18.3 million USD. During the same period, the transaction volume of Bitcoin-based NFTs also increased from 11 million USD to 25.6 million USD, although the transaction volume of Polygon-based NFTs saw a slight decline.