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NFT Sales in 2022 Nearly Matched the 2021 Boom, Despite Market Crash

Despite months of declining sales and falling prices, overall NFT sales volume last year nearly matched the 2021 peak, according to data from DappRadar. A buzzy start to the NFT market in 2022 buoyed the year-end tally and helped make up for the several weaker months that followed, the data suggests.

The NFT market generated around $24.7 billion worth of organic trading volume in 2022 across blockchain platforms and marketplaces, DappRadar shared with Decrypt. That’s a slight dip from the $25.1 billion total recorded in 2021 as the NFT market surged in activity and interest as tokenized collectibles first became more than a niche interest.

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