Home Hot CategoriesNFT Updates Rephrase the title:NFT trading volume nears $1B as markets turn bullish: Report

Rephrase the title:NFT trading volume nears $1B as markets turn bullish: Report

by Joseph Jolie
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Rephrase and rearrange the whole content into a news article of 350 words. Make sure whole content is in narrative style with h2 and h3 headings and there is no plagiarism involved compare with the following article:

The average value of NFT transactions climbed from $126 to $270, showing an increase of 114% in November.

As crypto markets turn bullish, nonfungible token (NFT) trading has started to join the wave, with a volume nearing $1 billion in November, according to data published by the decentralized app tracking platform DappRadar.

The report highlighted that the NFT industry maintained an upward momentum for the second month in a row. Trading volume surged by 125% in November, suggesting a shift in user behavior compared to earlier downturns in NFT trading.

On Nov. 6, analytics firm Nansen reported that NFT sales volumes showed continued weekly increases in October. NFT sales consistently went up, from $56 million in the week ending on Oct. 9 to $129 million in the week ending on Nov. 5.

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