NFTs most popular assets on Ethereum, but Wrapped Bitcoin growth stalls

in #hsdh • 2 years ago

The transfer of nonfinable tokens (NFT) to Etherium has surpassed the transfer of stablecoins and altcoins while the supply of wrapped bitcoins has been relatively stagnant since the end of last year.

Two key findings from the recent State of the Network update from Coin Metrics. It details how ERC-721 transfers have surpassed stablecoin and altcoin in Ethereum since last July and have continued to increase margins between them ever since. The ERC-721 is the NFT's token standard on the Ethereum network.

NFT transfers averaged over 50,000 per day starting in late July and have not fallen below that line since. Daily NFT transfers are now at an all-time high of over 300,000, an increase of 600% since July.

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2 years ago in #hsdh by
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