NFT, Metaverse and DeFi Skyrocket Amid Bearish Market, Boost 2.5M Users -Breaking
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NFT and Metaverse Skyrocket amid Bearish Market. Increase 2.5M Users- NFT was used by 2.5 million people daily at the end 2021
- China has more NFT users than any other country, leading the way with more that 204K.
- With 175K supporters, the US is second only to China
To provide the most efficient trading environment possible, the crypto community never ceases to improve its technology. NFT and metaverse were among the top three market players. DeFi was a huge success thanks to its large community support. Based on a report made by DappRadar, the Unique Active Wallets (UAW) connected to Dapp — NFTs and games attracted over 2.5M daily users by the end of 2021.
China leads all countries contributing to the NFT ecosystem boom. With more than 204,000 registered users, the number has increased by 166% since November. China follows the United States, with 175,000 registered users and growth traffic of 38%. This is because these countries have undoubtedly the largest number of blockchain gamers that draw investors around the world.
Other countries like the UK, Russia and the Philippines contributed significantly to NFT’s growth, as well. This combined traffic of these four countries exceeded 168,000 users. It is this volume that has greatly contributed to NFT’s growth.
The NFT market continues to be strong despite current bearish conditions. NFT generated over $10.7 billion in trades during Q3 2021. These numbers will increase in the coming weeks and be strong for 2022. This has led to the growth of cryptocurrency networks linked to NFT, such as ETH SOL and AVAX.
While volatility isn’t a new term in the crypto industry, it does not mean that the market will be volatile. This will not prevent traders and investors from participating in the crypto market. Investors can still make a profit, regardless of market conditions, using the NFT, Metaverse and DeFi technologies.
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