NFT volume has more than tripled — even amid price crash — as raises $5M

The NFT sector has seen exponential growth, tripling in transactions since January and pushing through the market crash this month.
The popularity of non-fungible tokens, or NFTs, shows little sign of slowing down, despite the extraordinary marketwide crash that wiped more than $1 trillion off the crypto market cap.According to a report by decentralized app marketplace DappRadar, the average number of NFT sales rose almost 300%, from 21,815 per day in January, to 82,373 in May (so far). This number rose even higher as crypto prices started to plummet on May 12, with sales surging to almost 94,000 NFT transactions a day.The crypto market crash, which created a widespread panic as almost 1 million leverage trades got liquidated, also resulted in serious congestion and exorbitant transaction fees across the Ethereum network. These surging gas fees didn’t deter NFT traders, however, with many turning to other marketplaces on a

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