The NFT transaction network allows for comprehensive analysis of interactions between wallets, highlighting significant growth in transaction volume and user engagement since 2018.
In 2021 alone, transactions soared to three and a half million from just 450 thousand in 2018, illustrating the explosive expansion of the NFT market.
Our methodology employs a multidimensional weighted graph that models wallet addresses as nodes and token transactions as directed edges, enabling detailed insights into NFT exchanges.
The data reveals a rising economic significance of NFTs, evidenced by a first-quarter 2021 volume reaching nearly 760 million USD, which underscores the market’s rapid growth.
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