NFT collectors sent $37B to marketplaces in 2022, nearly equaling 2021 already

NFT collectors sent $37B to marketplaces in 2022, nearly equaling 2021 already


Collectors of non-fungible tokens (NFTs) have already sent more than $37 billion in value to NFT marketplaces this year (as of May 1), a figure that nearly exceeds the total amount in all of 2021. 

According to a report from Chainalysis, investors sent $40 billion worth of cryptocurrency to smart contracts associated with NFT collections and marketplaces throughout 2021.

Source: Chainalysis

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Since the beginning of last year, NFT transaction volume has grown considerably, but the overall growth of the industry has been inconsistent.

The report outlines that NFT transaction volume occurs sporadically, and has been in a downturn since mid-February. The NFT market has since made a brief recovery as of mid-April — most likely due to the recent hype around Moonbirds and the Bored Ape Yacht

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