Indeed, the total volume traded in NFTs has recently exceeded 18 million ETH or $54 billion in aggregate value, according to the data from the cryptocurrency market analytics platform IntoTheBlock retrieved on April 18. Specifically, IntoTheBlock’s year-to-date chart shows that the global trading volume of NFTs grew from $16.94 billion on January 1, 2022, to $54.58 billion on April 17, which is an increase of 222.2% since the year’s turn. Elsewhere, the platform had previously shared another chart on April 13, which showed that the NFT adoption curve was actually “just starting,” with only 4.5% of ETH addresses with a balance being holders of NFTs. This percentage as well is recording a slow yet stable increase over time, and on April 17, it stood at 4.64%, as per IntoTheBlock data.
NFT believers are aplenty
Meanwhile, the crypto community has no lack of believers in the future boom of NFTs, including Gate.io’s chief marketing officer (CMO) Marie Tatibouet. During the Paris Blockchain Summit, she said that she agreed with Shark Tank’s Kevin O’Leary in his view that non-fungible tokens could outshine Bitcoin (BTC) in terms of market capitalization:
