For a long time, nonfungible tokens (NFTs), and the markets they trade on, have been the topic of cryptoverse conversation. NFTs continue to be a hot topic even at the height of bull runs. The traction that they have gained is undoubtedly at its highest right now. It will only continue to rise.

In Q3, the NFT industry generated trading volumes of $10.67 trillion, a 70% increase over Q2. As perDappRadar’s report. This means that Ronin and blockchain networks accounted respectively for 19.53% and 77.73% of these numbers.