Reddit NFT trading volume hits all-time high as wallet holders near 3 million By Cointelegraph

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Reddit NFT trading volume hits all-time high as wallet holders near 3 million

Cryptocurrency Oct 24, 2022 04:20PM ET

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Reddit NFT trading volume hits all-time high as wallet holders near 3 million

According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatars has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection’s cumulative trading volume of $4.1 million since launch. At the same time, the daily sales volume of Reddit NFTs also witnessed a new all-time high of 3,780 digital collectibles changing hands.

Reddit avatars are created by independent artists and are minted as NFTs on the Polygon blockchain. Users can purchase such collectibles on Vault, Reddit’s cryptocurrency wallet. They can then be worn and displayed as profile pictures when users create content on the popular social media platform.

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Reddit NFT trading volume hits all-time high as wallet holders near 3 million

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