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Doodles NFT Trading Volume Soars by Almost 200% in 24 Hours

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It is reported that according to the latest data of OpenSea, the trading volume of Doodles series NFT in the past 24 hours was 4831ETH, up 192%. The trading vo…

Doodles NFT Trading Volume Soars by Almost 200% in 24 Hours

It is reported that according to the latest data of OpenSea, the trading volume of Doodles series NFT in the past 24 hours was 4831ETH, up 192%. The trading volume in the past 24 hours ranked first in OpenSea, with the floor price of 5.18ETH.

The trading volume of Doodles series NFT has increased by nearly 200% in the past 24 hours

Interpretation of the news:


It looks like the popularity of NFTs or non-fungible tokens that have gained significant momentum in recent months is showing no signs of slowing down. Latest data from OpenSea reveals that the trading volume of Doodles series NFT has surged by nearly 200% in the past 24 hours. The trading volume in the same timeframe has been ranked as the highest on OpenSea with a floor price of 5.18ETH.

For the uninitiated, Doodles, an upcoming series of generative art on the Ethereum network, uses computer code to generate unique and rare creatures. These creatures are purchased as NFTs, and their creators receive a commission for each sale. This announcement comes as no surprise given the growing interest in NFTs and the recent sale of Cryptopunks NFT by Sotheby’s for a whopping $12 million, which has created quite the stir within the art world.

One of the reasons for this astounding surge in trading volume could be the uniqueness of the Doodles series artwork. Each Doodle is one-of-a-kind, and the rarity of these digital assets is what makes them valuable. Equally significant is the growing interest in NFTs as an investment class. Investors are buying up NFTs at a fast pace, with some even holding them in the same regard as physical art.

Another reason for the growing popularity of NFTs is the ease and convenience with which they can be traded. Trading in Doodles NFT on OpenSea, for instance, can be done from the comfort of one’s own home, thereby eliminating the need for face-to-face transactions or exchanging of physical assets.

In conclusion, the surge in trading volume of Doodles NFT is a testament to the growing interest from investors and art collectors in NFTs. With the success of recent NFT sales such as Cryptopunks, it would not be surprising to see more individuals flocking to purchase Doodles NFT or other similar digital assets.

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