NFT trading volume eclipsed $16 billion in January

According to DappRadar report, despite massive carnage on cryptocurrencies markets, in January 2022, the NFT segments witnessed $16 billion in trading volume across all mainstream markets and protocols.

The NFT space has a fresh leader: novel platform LooksRare that made headlines by its LOOKS token rewards program processed $10.7 billion in trading volume, while OpenSea handled a total of $4.7 billion.