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NFT market shows signs of recovery as January trading volumes hit 7-month high


It appears the NFT market is slowly getting back on its feet. 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.
The growth in January marked a stark difference from the trend of the past few months — 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.
A number of blockchains allow traders to buy and sell NFTs, but Ethe …

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