Dune Analytics says that the number of Ethereum-based NFTs sold on OpenSea in a single month reached its highest level since May.
Since the beginning of December, 696,908 Ethereum-based NFTs have been sold on OpenSea. At the time of this writing, the total monthly sales volume was $1.2 billion. This index, which has seven days left until the end of 2022, shows that sales have gone up by 74% since November, when they were worth $253 million.
It’s interesting to see that the $1.01 billion in daily sales reported on December 24 made up 84% of the $1.2 billion in total monthly sales of Ethereum-minted NFTs on OpenSea so far this month.
In reality, Ethereum-made NFTs were sold on OpenSea for less than $20 million over a few months.
Last week, OpenSea’s sales volume went up by 4%, but predictions for the top marketplace’s monthly sales volume pointed to a drop.
Dune Analytics says that the number of monthly sales on the OpenSea marketplace has dropped by 95% since April and may reach its lowest level ever in June 2021.
2022 in a nutshell
Photographs of people (PFP) As the downturn in the bitcoin market as a whole was kept in check by tight conditions in the larger financial markets, investors became much less interested in NFTs.
Sales volume, the number of NFTs sold, and other signs of falling interest fell sharply in the major NFT market. The market value of the NFT ecosystem has dropped by 13%, according to the NFTGo analytics platform. As of December 24, it was worth $21.77 billion.
It’s interesting to see that this year’s sales went up by 44.87% because of several NFT initiatives that were put in place throughout the year. As of this writing, NFT sales in all markets added up to $21.92 billion.
In a recently released study, Blockworks Research also found that the NFT/Gaming vertical sectors got the most funding in the Web3 ecosystem. According to the research platform, the two industries made $8.3 billion, which is 51% more than what they made in 2021.
[1/17] 2022 has been a crypto year for the history books, and with a team of analysts from around the world, we're proud to release our Digital Asset Outlook Report 2023.
— The Block Research (@TheBlockRes) December 21, 2022Download the report and see the thread below for some of the top highlights: https://t.co/LFBvFmvRc9 pic.twitter.com/mXiRB6dN4F
He thinks that the value of blue chip NFTs will go down in 2022. The Blue Chip NFT category includes collections like Bored Apps Yacht Club, Cool Cats, Cryptopunks, Art Blox, and Clonex.
NFTGo says that the market capitalization of blue chip NFT collections is used to make the Blue Chip Index, which is a way to measure how successful they are. In the past year, it has dropped by more than 30%, to 9138 ETH as of December 24.
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