12 ms·

Agreed. 19.94B locked up in NFTs atm https://defillama.com/nfts https://defillama.com/nfts

• khazhoux 5y ago
  I call bullshit. We're supposed to believe people have invested almost $20B in NFTs? I have no data one way or the other, but this fails the smell test.
  • edm0nd 5y ago
    yes, thats really the marketcap for em. It's crazy, I agree.
• deleted 5y ago
  [deleted]
• gonzo41 5y ago
  The reserve bankers would look at stats like that and just shake their head at the money wasting away.
  • deleted 5y ago
    [deleted]
• whatshisface 5y ago
  That's a total volume number, not a market cap. If you want to see some market caps[0] they're still staggeringly high for what they represent, but beware: you can't see the demand curve on a price history chart. There's no way of knowing how much of the market could decide to sell before they ran out of buyers. Market caps are used to estimate value on wall street because it's imagined that the number of people who would want to buy MSFT today for $1 less than the price today are inexhaustible. That's much closer to the truth on the NASDAQ than on whatever exchange people are using to trade their beanie babies. [0] https://coinmarketcap.com/nft/ https://coinmarketcap.com/nft/
  • edm0nd 5y ago
    That's just NFTs that are on SOL (Solana) chain only.