Over 1.3M NFT transactions recorded in third week of 2023

Various Bored Ape, tags: nft transactions week - CC BY-SA

According to data compiled by crypto analytics platform Cryptoslam.io, non-fungible token (NFT) assets showed a 16.39 percent increase in overall sales in the third week of January 2023, with 1,355,376 NFT transactions recorded.

The second week recorded 320,580 buyers, a 43.48 percent rise from the previous week. NFT sales totaled $256.69 million, with Ethereum-based NFTs accounting for $206.06 million last week, a weekly gain of 24.78 percent.

Solana’s $SOL was the second most successful blockchain last week, with NFT sales of $36,378,730. However, compared to the week before, sales of Solana NFTs went down by 10.44 percent.

Last week, the blockchain with the top NFT sales was Theta, which saw an increase of 239 percent. Fantom climbed 144 percent, Palm gained 97 percent and Wax rose 73 percent.

Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), Bored Ape Kennel Club (BAKC), Azuki and Otherdeed were the highest-selling cryptography collections last week.

Also, last week’s three priciest NFT sales were BAYC’s #4025 at $613,000, the Cryptopunk #7,674 at $451,000 and the Cryptopunk #7,641, sold for about $418,000.

According to nftpricefloor.com data, Cryptopunks had the dominant floor value at 66.49 ETH, while BAYC’s floor was a little below, sitting at 66.247 ETH.

Yuga Labs led 2022 NFT sales

In 2022, Yuga Labs remained the most popular project, and its collections topped the charts in revenue — bringing in over $3.75 billion.

Meebits and Cryptopunks, which Yuga Labs purchased from Larva Labs in March, are not included in this total.

Despite only recording 6,320 transactions, BAYC managed a total of 611,734 ETH, about $1.42 billion, in transaction volume, according to data from Cryptoslam.io.

Following its April 2021 debut, the BAYC NFT collection generated over $1 billion in sales in 2021.

MAYC also surpassed the $1 billion mark, finishing second at $1.067 billion, while Otherdeed NFTs earned $1.047 billion following an oversubscribed April auction.

Neither Chiru Labs’ Azuki nor Kevin Rose’s Moonbirds sold more than $1 billion in NFTs, but they finished fourth and fifth, with $828 million and $599 million, respectively.

NFT sales exceeded 101 million in 2022

New data from DappRadar show that NFT sales reached 101 million in 2022, representing a 67.57 percent growth over the previous year.

The report estimates that the Ethereum ecosystem controlled 21 percent of the NFT market and processed over 21.2 million transactions.

In terms of overall transactions, Wax’s $WAXP had 14.5 million, Polygon’s $MATIC had 13.3 million and Solana’s $SOL had 12.9 million.

The Solana and ImmutableX ecosystems also had enormous growth, with a 440 percent and 315 percent increase in transaction activity over the previous year.

According to the data, Binance’s $BNB ecosystem remained relatively the same since there were approximately 1 million transactions in 2021 and 2022.

The main types of decentralized applications (dApps) on different chains have also changed in the last two years. In 2021, DeFi apps took up all but two of the 13 series. Last year, there was a significant change in games and NFT dApps.

The data also indicate that Ethereum and Cardano’s $ADA had the most developers working on-chain, with 223 and 151 active protocols, respectively.