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QuickTake

NBA TopShot recorded daily NFT transactions of almost $50m on Feb 21st

29 Mar 21

NBA TopShot is a game that allows people to collect, trade, and sell their favourite NBA 'moments' as a non-fungible token (NFT).

So far there has been over $400m in transaction volume since launch, with daily transactions reaching almost $50m on the 21st of February. Average daily trading in 2020 was $21,708 but in 2021 this rose dramatically to $5,265,294 a day, an increase of 24,155%.