NFT market shows signs of recovery as January trading volumes hit 7-month high
Trading volumes rose for two months straight, with January scoring the highest volumes since June last year, according to the Dapp Industry Report: January 2023.
October saw trading volumes dip to a low of $662 million — but in November, the market halted the downward trend to stay at $662 million, per the report. Volumes then recovered in December, rising slightly to $683 million, and increasing 38.5% from that number to $946 million in January.