{"id":506543,"date":"2022-11-04T08:29:39","date_gmt":"2022-11-04T05:29:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nfts-still-in-great-demand-as-unique-traders-rise-18-in-oct-dappradar\/"},"modified":"2022-11-04T08:29:39","modified_gmt":"2022-11-04T05:29:39","slug":"nfts-still-in-great-demand-as-unique-traders-rise-18-in-oct-dappradar","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nfts-still-in-great-demand-as-unique-traders-rise-18-in-oct-dappradar\/","title":{"rendered":"# NFTs still in \u2018great demand\u2019 as unique traders rise 18% in Oct: DappRadar"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f3ef080d2b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f3ef080d2b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nfts-still-in-great-demand-as-unique-traders-rise-18-in-oct-dappradar\/#%E2%80%9D_NFTs_still_in_%E2%80%98great_demand_as_unique_traders_rise_18_in_Oct_DappRadar_%E2%80%9C\" >&#8221; NFTs still in \u2018great demand\u2019 as unique traders rise 18% in Oct: DappRadar &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_NFTs_still_in_%E2%80%98great_demand_as_unique_traders_rise_18_in_Oct_DappRadar_%E2%80%9C\"><\/span>&#8221; NFTs still in \u2018great demand\u2019 as unique traders rise 18% in Oct: DappRadar &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4b69a2fe>October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>Radar says an 18% growth in monthly unique NFT traders shows the market is still in \u201cgreat demand.\u201d<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/blog\/october-blockchain-industry-report\/#1.18-Million-unique-traders-enter-the-NFT-market\">According<\/a> to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million, increasing 18% from September, of approximately 950,000.\u00a0<\/p>\n<p>This is despite trading volumes falling 30% to $662 million in October, the lowest registered in 2022, while the sales count decreased by 30% to 6.13 million, the firm said, adding: <\/p>\n<blockquote><p>\u201cThe rise in the unique traders\u2019 count indicates that new people are entering the NFT market, and it is still in great demand.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/ea038634-ff3b-46a0-9450-9a5f3c2468c8.png\"><figcaption style=\"text-align: center;\"><em>Number of monthly unique NFT traders (millions). Source: DappRadar<\/em><\/figcaption><\/figure>\n<p>The month was a busy one for the NFT community. <\/p>\n<p>At least two more NFT marketplaces shift to an optional royalty model, including Solana-based Magic Eden and Ethereum-based LooksRare.<\/p>\n<p>The report also highlighted that Yuga Labs has continued to dominate the NFT market, with seven of the top ten sales for the month coming from CryptoPunk and Bored Ape Yacht Club.<\/p>\n<p>Of these sales, CryptoPunk#924 was the most valuable, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/opensea.io\/assets\/ethereum\/0xb47e3cd837ddf8e4c57f05d70ab865de6e193bbb\/924\">selling<\/a> for a whopping 475 Ether (ETH) on Oct. 27, which is valued at $731,435 at the time of writing.<\/p>\n<p>Meanwhile, Ethereum\u2019s NFT trading volume continued to decline for the second straight quarter, falling 21% over the last month to $324 million, which represents the lowest volume registered by DappRadar since June 2021. <\/p>\n<p>In brighter <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, Polygon\u2019s NFT trading volume has spiked 770% over the last month, driven by the success of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a> NFT collections as the main driver behind the surge, according to DappRadar. <\/p>\n<p>Since their launch in July, more than 2.9 million Reddit avatars have been minted, which have found their way into more than 2.8 million wallets, with Dune analytics data suggesting October <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dune.com\/polygon_analytics\/reddit-collectible-avatars\">finished<\/a> with the collection having a sales volume of $10.1 million.<\/p>\n<p>The trading volume seems likely to continue increasing for the layer-2 solution over the next month, with Meta announcing on Nov. 2 that Polygon would be its initial partner for its upcoming NFT tools.<\/p>\n<p><strong>Related: <\/strong><strong><em>NFTs bridge music communities across genres and blockchain ecosystems<\/em><\/strong><\/p>\n<p>The report also mentioned that Dogecoin (DOGE) had been the best-performing token of the month, closing the month 50% higher than when it began and citing Elon Musk\u2019s Twitter takeover and the announcement of Dogechain\u2019s future roadmap as the drivers.<\/p>\n<p>It also highlighted an increase in the average number of unique active wallets, up 6.84% from the previous month. DappRadar pointed to staking provider Lido being incorporated within Arbitrum and Optimism as well as a partnership between the Near Foundation and Google Cloud as the drivers for this increase.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nfts-still-in-great-demand-as-unique-traders-rise-18-in-oct-dappradar\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; NFTs still in \u2018great demand\u2019 as unique traders rise 18% in Oct: DappRadar &#8220; October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in \u201cgreat demand.\u201d According to a Nov. 3&#8230;<\/p>\n","protected":false},"author":1,"featured_media":506544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNDFiYmY2ZGUtNDEyNi00MzRjLTg4OTQtYTliNWQzZTE5ZTRlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,133065,74894,77892,86883,74891,74939,122306,95118,113408,75566,92498,74879,39394,5005],"class_list":["post-506543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-arbitrum","tag-blockchain","tag-crypto-collectibles","tag-dogecoin","tag-ethereum","tag-market-analysis","tag-meta","tag-nft","tag-polygon","tag-report","tag-solana","tag-wallet","tag-elon-musk","tag-reddit"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/506543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=506543"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/506543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/506544"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=506543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=506543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=506543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}