Chainalysis
Chainalysis says NFT transaction growth has slowed but hasn't died.
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NFT transactions stabilize after explosive growth in 2021

NFT transactions exploded in 2021 as fans discovered the digital collectible tech built on the blockchain, but it has since stabilized and slowed its growth in 2022, according to a report by analysis firm Chainalysis.

Non-fungible tokens (NFTs) have been one of the most dynamic and prominent parts of decentralized web 3 technology over the last two years. And now there’s a big discussion about whether interest in NFTs is flatlining or not.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.