NFT trading volume surpassed $13 billion in 2021

The trading volume of non-fungible tokens (NFTs) surpassed $13 billion in the year 2021, according to The Block Research.

That figure, based on data as of December 28, is a massive 42,988% increase compared to 2020 NFT trading volumes. Last year, NFTs had a trading volume of just over $33 million.

OpenSea is the leading NFT marketplace. It facilitated nearly 88% of the total trading volumes for 2021, or over $12.5 billion, according to The Block Research.