January 2023 Hits Nearly $1 Billion in 30 Days with a 41% Increase CryptoBlog

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Sales of non-fungible tokens (NFTs) increased by 41.96% from the previous month, according to data recorded on February 1, 2023. Sales of NFTs reached nearly $1 billion in 30 days, with a total approximately $997.53 million. Additionally, the number of digital collectibles transactions has increased by more than 22% in the past month.

Bored Ape Yacht Club dominates, Ethereum leads with 78% of total NFT sales in January 2023

NFT sales mirrored those of crypto assets in January 2023, reaching $997.53 million, an increase of 41.96% from December 2022. Data from cryptoslam.io shows that out of 20 blockchain networks, Ethereum led NFT sales with $784.87 million, 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 by NFT sales are Cardano, Immutable X, and Polygon, respectively.

The top 10 NFT collections by 30-day sales in January and the top 10 blockchains by sales volume, according to data from cryptoslam.io.

In terms of top-selling NFT collections in January 2023, Bored Ape Yacht Club (BAYC) NFTs generated $71.24 million in sales. BAYC sales were up 45% from December. Mutant Ape Yacht Club (MAYC) sales increased 47.91% last month, generating $58.85 million in NFT sales.

Bored Ape Kennel Club (BAKC) NFT sales jumped 309% from the prior month, totaling $42.33 million in sales. The best remaining NFT collections in order are Azuki, Otherdeed, Art Blocks, Sorare, Degods, Captainz, and Hausphases.

NFT markets in terms of daily Ethereum (ETH) volume since November 2022.

The top five NFT collections generated $242.56 million in sales in January, representing 24.31% of total sales. The top ten NFT projects generated $336.26 million in sales, or 33.70% of the $997.53 million in total sales for the month.

The most expensive NFT sold in the past month was BAYC #5,840, which 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, which sold for $496,903, and BAYC #8,483, which sold for $490,333.

In terms of 30-day sales volume, Opensea leads the pack with 40% of last month’s sales executed on the NFT market. The NFT Blur market captured 32% of 30-day sales and X2Y2 recorded 8% of monthly sales. Magic Eden NFT sales accounted for about 7% of settled transactions for the month and Looksrare accounted for 2% of NFT sales in the last 30 days, according to statistics from dappradar.com.

Tags in this story $997.53 million, 1 month, 2023, 22, 30 Day Sales, 30 Day Rise, 30 Days, 41.96%, Blockchain, Bored Ape Yacht Club, crypto assets, Cryptocurrency , cryptoslam.io, dappradar.com, data, digital collectible transactions, Digital Collectibles, Ethereum, Feb 1, Rise, Jan, Jan 2023, Mutant Ape Yacht Club, nearly $1 billion, nft, NFT, 30 day NFT , Non-Fungible Tokens, Number, Past Month, Previous Month, Sales, Solana

What do you think of the surge in NFT sales last month? How do you see the future of NFTs and blockchain technology evolving in the coming months? Let us know what you think of this story in the comments section below.

Jamie Redman

Jamie Redman is the news manager for Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.

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