NFTs most popular assets on Ethereum, but Wrapped Bitcoin growth stalls - BitcoinEthereumNews.com
Conversely, ERC-20 tokens including altcoins and stablecoin transfers have steadily decreased since late July. Transfers of altcoins have fallen 39% from 42,000 per day to about 30,000. Stablecoin transfers are down from about 24,000 in July to 18,000 today, a 25% decrease. The numbers make the message fairly clear: NFTs are more popular than they have ever been. Demand on marketplaces to transact NFTs has never been higher according to data from DappRadar. OpenSea is currently the all-time leader in NFT trading volume with $21.85 billion in value traded, but the LooksRare marketplace threatens OpenSea dominance. Over the past 30 days, LooksRare has seen $11.6 billion in volume compared to OpenSeas $4.13 billion. Such popularity is aided by the expansion of pro sports and the music industry into NFTs and the growth of virtual real estate. NFL superstar Tom Brady raised $170 million on Jan. 19 to help scale his Autograph NFT marketplace. On Feb. 3, recording artist John Legend launched an NFT platform for musicians to tokenize their work. WBTC supply plateaus WBTC is an ERC-20 token that has al enjoyed an increase in total transactions since July. After hitting a low of 110,000 daily transfers on Jul. 9, transfers peaked on Nov. 3