The trading volume for non-fungible tokens (NFTs) has seen a significant increase in October, with a growth of 32% compared to the previous month. Data from DappRadar shows that NFT trading volume reached $405 million in October, marking a shift from the downward trend experienced over the past year. This resurgence offers hope to projects that have faced challenges throughout the year. The surge in NFT trading volume coincided with Bitcoin's price rebounding above $35,000, suggesting a potential revival in the digital assets industry. Solana's NFT trading volume also experienced growth, increasing by 15% on the high-speed blockchain. Ethereum remained at the forefront of NFT trading, with a 50% increase in trading volume. However, other chains such as Polygon, Starkware, and Flow saw a decline in sales volume. While the recent increase in trading volume is positive, it is still significantly lower than the sales seen in March. Additionally, the total number of NFTs sold decreased by 5% in October.
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