Ethereum NFT trading volume sees highest spike since February

Metaverse & NFT • July 3, 2023, 11:03AM EDT

Quick Take

In the last week of June, Ethereum NFT trading levels saw the biggest weekly jump since February.

NFT trading volume on the Ethereum blockchain last week had the biggest jump since February.

Volume last week rose 63% from the previous one to $88 million, according to calculations based on The Block's Data Dashboard.

Ethereum NFT trading volumes hadn't seen that much of an increase since the final week of February, when they jumped 109%.

The contentious Azuki Elementals mint accounted for much of last week's spike, in which the sale of 10,000 NFTs brought the project $37.5 million.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.