The crypto community has been enjoying a welcome reprieve from the dismal climate of the past year recently, thanks to the modest uptick of asset values and the increase in overall activity. Still, it’s far from clear if these recent gains will translate into more lasting interest in the decentralized economy.
To recap: Major crypto tokens have enjoyed higher prices recently, which has helped web3 trading volumes recover to levels that we haven’t seen since early this year. This uptick even cropped up in the NFT market, where trading rose in recent weeks.