{"id":48414,"date":"2021-08-27T15:46:17","date_gmt":"2021-08-27T12:46:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48414"},"modified":"2025-09-02T02:06:30","modified_gmt":"2025-09-01T23:06:30","slug":"nft-trading-volume-in-august-hits-a-record-1-5-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nft-trading-volume-in-august-hits-a-record-1-5-billion\/","title":{"rendered":"NFT trading volume in August hits a record $1.5 billion"},"content":{"rendered":"<p>From August 1 to 25, NFT trading volumes amounted to $1.5 billion. The figure rose by 42,757% year over year, according to NonFungible.com.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We ran the numbers from August 2020 and August 2021. And it went like\u2026<\/p>\n<p>August 2020:<br \/>\u21d2 $3.5 million USD sales <br \/>\u21d2 33,000 sales<br \/>\u21d2 11,300 active wallets <\/p>\n<p>\ud83c\udd9a<\/p>\n<p>August 2021:<br \/>\u21d2 $1.5 billion USD sales<br \/>\u21d2 710,000 sales<br \/>\u21d2 190,000 active wallets<a href=\"https:\/\/twitter.com\/hashtag\/TBT?src=hash&#038;ref_src=twsrc%5Etfw\">#TBT<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&#038;ref_src=twsrc%5Etfw\">#NFT<\/a> <a href=\"https:\/\/t.co\/yaQcJ1KEnA\">pic.twitter.com\/yaQcJ1KEnA<\/a><\/p>\n<p>\u2014 NonFungible.com (@nonfungibles) <a href=\"https:\/\/twitter.com\/nonfungibles\/status\/1430965793064423429?ref_src=twsrc%5Etfw\">August 26, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the resource, over the year the number of active users in the sector rose from 11,300 to 190,000, the number of deals closed rose by 21.5 times (to about 710,000), and the average size rose by 19.8 times (to $2,100).<\/p>\n<p>For all of 2020, NFT <a href=\"https:\/\/u1f987.com\/en\/news\/nft-sales-hit-2-5-billion-in-first-half-of-2021\">stood at<\/a> around $95 million, and for the first half of the year \u2014 $2.47 billion.<\/p>\n<p>One driver has been the growing popularity of Axie Infinity. The volume of NFT items sold in this blockchain game over the past 30 days reached $852 million. Its daily audience <a href=\"https:\/\/u1f987.com\/en\/news\/axie-infinitys-daily-active-audience-surpasses-1-million\">surpassed<\/a> 1 million users.<\/p>\n<p>The other growth factor was the hype around the CryptoPunk project. From the start of August, sales of 24&#215;24-pixel NFT images reached $427.9 million \u2014 nearly half of the total since 2017, according to <a href=\"https:\/\/cryptoslam.io\/cryptopunks\/sales\/summary\/?month=2021-08\">Cryptoslam<\/a>. The average price was $219,300, with the priciest CryptoPunk selling for $5.45 million.<\/p>\n<p>In the auctions <a href=\"https:\/\/u1f987.com\/en\/news\/visa-buys-cryptopunk-nft-for-150000-sparking-buzz-around-the-project\">participated<\/a> and the payments firm Visa, which purchased CryptoPunk #7610 for 49.5 ETH (about $150,000 at the time of the deal). In June its counterpart #7523, also known as COVID Alien, <a href=\"https:\/\/u1f987.com\/en\/news\/sothebys-sold-the-covid-alien-cryptopunk-nft-for-11-8m\">went under the hammer<\/a> at Sotheby\u2019s for 4,520 ETH ($11.8 million).<\/p>\n<p>According to journalist Colin Wu, part of the collection now belongs to venture capitalist Feng Bo and Meitu founder Cai Wensheng, who gave 1,600 ETH (~$5.33 million) and 125 ETH (~$416,000), respectively.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Chinese Internet investors have bought CryptoPunk one after another. Meitu founder Cai Wensheng bought CryptoPunk #8236 with 125ETH. Feng Bo bought CryptoPunk#7252 for 1600ETH (approximately US$5.33 million). <a href=\"https:\/\/t.co\/LyGxNRORJX\">pic.twitter.com\/LyGxNRORJX<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1430854631966474246?ref_src=twsrc%5Etfw\">August 26, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The activity in the segment pushed the Ethereum network\u2019s average transaction fee to the highest since May 19, at $27.23.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"304\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-533-1024x304.png\" alt=\"NFT trading volume in August hits a record $1.5 billion\" class=\"wp-image-147078\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-533-1024x304.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-533-300x89.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-533-768x228.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-533-1536x455.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/1-533.png 1913w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/bitinfocharts.com\/comparison\/ethereum-transactionfees.html#3m\">Bitinfocharts<\/a>.<\/figcaption><\/figure>\n<\/div>\n<p>According to <a href=\"https:\/\/etherscan.io\/gasTracker\">gasTracker<\/a>, the NFT marketplace OpenSea creates the main load on the network, Axie Infinity fourth on this metric.<\/p>\n<p>Facebook <a href=\"https:\/\/u1f987.com\/en\/news\/facebook-to-integrate-nfts-into-its-digital-wallet\">is exploring the possibility<\/a> of creating NFT-related products and services.<\/p>\n<p>In late July, Galaxy Digital founder Mike Novogratz <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-predicts-nft-sector-to-grow-over-the-next-decade\">predicted<\/a> NFT-market growth over the next decade and called the technology \u201cexpensive for the future\u201d.<\/p>\n<p>Earlier, the head of the crypto derivatives exchange FTX, Sam Bankman-Fried <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-chief-expresses-cautious-optimism-on-nft-prospects\">expressed<\/a> optimism and caution regarding the prospects for NFT development.<\/p>\n<p> Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>From August 1 to 25, NFT trading volumes amounted to $1.5 billion. The figure rose by 42,757% year over year, according to NonFungible.com.<\/p>\n","protected":false},"author":1,"featured_media":48415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1581,1213,1265],"class_list":["post-48414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-axie-infinity","tag-nft","tag-opensea"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48414"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48414\/revisions"}],"predecessor-version":[{"id":48416,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48414\/revisions\/48416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48415"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}