According to the experts of Ethereum-focused analytics platform Nansen, transactions with NFTs valued at more than $23.7 billion have been carried out on the network of the second largest crypto by market cap this year.
According to them, the weekly asset trading volume peaked at the beginning of May, when Yuga Labs introduced the Otherside metaverse.
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It is worth noting the collection with the highest trading volume is Bored Ape Yacht Club.
In terms of transaction volume with non-fungible tokens, the Ethereum network far outperforms all other blockchains.
Unfortunately, the NFT ecosystem is not immune to attacks, and it has recently been reported that several million dollars worth of Bored Ape tokens have been stolen from NFT marketplace OpenSea.