Market participants spent 963,227 ETH (approximately $2.7b) on NFT minting on the Ethereum blockchain during H1 (first half of a calendar year) of 2022. The volume of ETH raised circulating to non-entity wallets has decreased from the previously reported 52.3% (11 months ago) to the current 45.7%. Cumulatively, the top five NFT collections that have […]
Market participants spent 963,227 ETH on NFT minting on the Ethereum blockchain during H1 of 2022.
At the same time, the remaining 45.7% of the ETH raised circulated to non-entity wallets. Louisa Choe, research analyst at Nansen said, During the period under review, the highest spike was seen during May when minting volume surpassed 120 ETH. Afterward, the general market downturn caused the NFT markets to tumble in the coming months.A total of 28,986 NFT collections were released on Ethereum in Q1 and Q2 of 2022. More than half of these collections were free mint projects, at 14,961.
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