Report: NFT Transaction Volume Reached $17.6 Billion Last Year, an Increase of 21,000% Over the Previous Year

On March 10, according to a report by NFT data company Nonfungible.com, the NFT transaction volume reached $17.6 billion last year, an increase of 21,000% compared to the 82 million transaction volume in 2020.

According to research by Nonfungible.com, more than 2.5 million crypto wallets in 2021 belong to those who hold or trade NFTs, up from 89,000 a year ago. The number of buyers rose from 75,000 to 2.3 million.

People are also better at making money from NFTs, with investors making a total of $5.4 billion in profits from NFT sales last year, with more than 470 wallets making more than $1 million, the report said.