Nansen: The current total market value of NFT is US$5.6 billion

According to blockchain analysis platform Nansen, the total market value of NFTs (limited to ETH) was 2,635,087 ETH (worth $4.7 billion in ETH price) last week. Today, the total market value of NFTs is 2,973,212 ETH (worth $5.6 billion at current prices). However, the NFT market needs to increase by 535 times to reach the peak NFT market value of $30 trillion in November 2021. One important factor in the decline of the NFT market peak is the decrease in ETH price.