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Is there a way to monitor the trading volume of NFTs?

avatarkaosoeDec 25, 2021 · 3 years ago3 answers

I'm interested in tracking the trading volume of NFTs (Non-Fungible Tokens). Is there a reliable method or tool available to monitor the trading volume of NFTs? I want to stay updated on the popularity and liquidity of different NFTs in the market.

Is there a way to monitor the trading volume of NFTs?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Absolutely! Monitoring the trading volume of NFTs is crucial for understanding their market dynamics. One popular method is to use blockchain explorers like Etherscan or BscScan, which provide real-time data on transactions and volume for different NFT projects. These platforms allow you to track the volume of specific NFTs, analyze trends, and make informed decisions based on the data.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there are several ways to monitor the trading volume of NFTs. Many NFT marketplaces, such as OpenSea and Rarible, provide volume data for individual NFTs listed on their platforms. Additionally, you can use third-party data aggregators like DappRadar or CoinGecko, which compile trading volume information from multiple NFT marketplaces. These tools offer comprehensive insights into the trading volume of NFTs across various platforms.
  • avatarDec 25, 2021 · 3 years ago
    Definitely! If you're looking for a reliable and user-friendly tool to monitor the trading volume of NFTs, BYDFi is a great option. BYDFi provides real-time data on NFT trading volume, allowing you to track the popularity and liquidity of different NFTs. With its intuitive interface and comprehensive analytics, BYDFi makes it easy to stay updated on the trading volume trends in the NFT market.