NFT Trading Volume Hits 3-Month High Despite Simpsons Spoof
-
Daily NFT trading volume hit a 3-month high of $19.1M on Monday, boosted by a $1.1M CryptoPunks sale.
-
The uptick comes as "The Simpsons" poked fun at NFTs in a recent episode, inspiring knockoff collections.
-
NFT volumes had already snapped a year-long downtrend in October before the bump from "The Simpsons."
-
Blur NFT marketplace now accounts for 73% of volume as activity rises amid "end of Season 2" and farming incentives.
-
But volumes remain far below peak hype of $1.4B per week in April 2022; last week saw just $98M in NFT trading.