The total transaction count surged by 20.69% in just 30 days
Traders made $14.19 million in profits over the past month, the highest since May 2022
Encouraging signals emerged from the non-fungible token [NFT] market recently, raising hopes that the once-famous Web3 vertical would mimic cryptos’ growth trajectory and usher in a bull market.
NFT winter thawing?
AMBCrypto accessed Cryptoslam’s data and discovered sales worth more than a billion over the past month, marking a whopping 92.11% growth.
Moreover, the total transaction count surged by 20.69% to 8.1 million in the last 30 days. In fact, the last three days saw higher sales than any other three-day stretch since August.
Source: Cryptoslam
Additionally, over the past month and a half, the number of unique buyers has continuously outnumbered the number of unique sellers. This highlighted improving demand for this set of Web3 products.
Traders realizing higher profits
A possible explanation behind the spike in interest were t
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