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Sales of non-fungible tokens (NFT) increased by 41.96% from the previous month, according to data recorded on February 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. In addition, the number of digital collectibles transactions increased by more than 22% in the last month.
NFT sales mirrored those of crypto assets in January 2023, reaching $997.53 million, a 41.96% increase from December 2022. Data from cryptoslam.io shows that out of 20 blockchain networks, Ethereum led NFT sales with $784.87 million dollars, or 78.681% of the total. for the month.
Solana followed with $150.4 million in NFT sales over the past 30 days, accounting for 15.07% of the total. The other top five blockchain networks in terms of NFT sales are Cardano, Immutable X and Polygon respectively.
In terms of top-selling NFT collections in January 2023, Bored Ape Yacht Club (BAYC) generated $71.24 million worth of NFTs in sales. BAYC sales were up 45% from December. Mutant Ape Yacht Club (MAYC) sales surged 47.91% last month, generating $58.85 million in NFT sales.
Bored Ape Kennel Club (BAKC) NFT sales were up 309% from last month, totaling $42.33 million in sales. The remaining top NFT collections in order are Azuki, Otherdeed, Art Blocks, Sorare, Degods, Captainz, and Hausphases.
The top five NFT collections generated $242.56 million in sales in January, accounting for 24.31% of total sales. The top ten NFT projects combined for $336.26 million in sales, representing 33.70% of the total sales of $997.53 million for the month.
The most expensive NFT sold in the last month was BAYC #5,840, which was sold for $796,444 four days ago. BAYC #4,025 sold 17 days ago for $613,501, and BAYC #8,483 sold for $581,845 three days ago. The fourth and fifth most expensive NFTs sold were Cryptopunk #9,092, sold for $496,903, and BAYC #8,483, sold for $490,333.
In 30-day sales volume, Opensea led the pack with 40% of the previous month’s sales made on the NFT market. NFT market Blur captured 32% of 30-day sales, and X2Y2 recorded 8% of the month’s sales. Magic Eden NFT sales were around 7% of the month’s settled transactions, and Looksrare accounted for 2% of NFT sales in the last 30 days, according to dappradar.com statistics.
What do you think of the increase in NFT sales last month? How do you see the future of NFTs and blockchain technology developing in the coming months? Let us know what you think of this story in the comments section below.
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