The Terra NFT market is experiencing a commercial tip in the middle of the VAT collapse

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  • After 11,000 luna were never exceeded, the volume on Random Earth rose to 438,665 Luna
  • Investors are torn between loyalty to Luna and loss of trust

Although Ethereum houses some of the most dominant NFTs, at least a dozen other blockchains shape the digital collector's pieces - including Terra, which collectors have addressed thanks to comparatively lower gas fees.

In the middle of the collapse of Terras Stablecoin Terrausd (VAT) and his sister token Luna, NFT projects (not fungible tokens) that were built on Terra, have experienced a significant upswing in the trade, as experienced dealers are trying to benefit from deep price differences.

The daily volume of the NFT trade on the popular Terra marketplaces Random Earth, Knowhere and Luart has been the highest since March 1. according to the data aggregator flipside crypto. The daily NFT volume of Terra reached 3.1 million VAT ($ 2.1 million) on May 11th, compared to $ 384,769 the previous day.

Random Earth and Knowheral also recorded their highest trading volume on May 11th. After never exceeded 11,000 Luna, the volume on Random Earth rose to 438,665 Luna ($ 485,263), while Knowhere reached 6,005 Luna at the time of publication.

Some of the most traded terra collections include Galactic Punks, Hell Cats, Derby Stars and Luna Bulls. The Twitter user @Ryanbetencourt referred to the quick re-evaluation of NFTS, especially on Random Earth, and asked whether their value would exist if Terra "got into a spiral of death".

User of another Terra NFT marketplace, OnePlanet, reported to Discord to report transaction delays-dealers said that the digital assets did not appear in their wallets immediately after the purchase.

and those who could not delist their NFTs in time, an examination was promised by discord moderators.

A sweep through crypto twitter showed mixed mood among investors. User @postmannay all nfts are now As worthless as the Luna token. "

Another user, @c4chaos, Compassion for those who may have lost their life savings.

Terra NFT Collection Polyegg Asked Twitter followers to which blockchain you should switch to because "it is not a good idea to further shape Terra". While Solana was a popular choice, experienced Luna investors, known as "Lunatics", continue to buy Terra-Nfts.

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The contribution Terra NFT Market Sees Trading Spike Amid Ust Collapse is not a financial advice.