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NFT Trading Volume Returns to Pre-LUNA Crash Levels in February – DappRadar

Non-fungible token (NFT) market’s trading volume increased to $2 billion in February, reaching its pre-LUNA crash levels, according to DappRadar’s Industry Report.

The NFT trading volume recorded a 117% spike from January’s $956 million, as the DappRadar data shows.

Despite the significant surge in the NFT trading volume, the sales count recorded a 31.46% decrease, falling to 6.3 million from January’s 9.2 million.

Solana (SOL) and Polygon (MATIC) followed ETH as the second and third chain, with the highest NFT trading volume in February. Even though SOL ranked second by facilitating $75 million in trading volume, it still recorded a 12% decrease from January’s $86 million. MATIC, on the other hand, marked a 147% increase in February, reaching $39 million from the $16 million of the previous month.

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