NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase

Non-fungible token ($NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. $NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose 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, 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, or 78.681% of the total for the month.

Solana followed with $150.4 million in $NFT sales over the last 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.

Top 10 $NFT collections in terms of 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 increased 45% from December. Mutant Ape Yacht Club (MAYC) sales rose 47.91% last month, generating $58.85 million in $NFT sales.

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

$NFT marketplaces in terms of ethereum (ETH) daily volume since November 2022.

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, equating to 33.70% of the $997.53 million in total sales for the month.

The most expensive $NFT sold over 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, sold for $496,903, and BAYC #8,483, sold for $490,333.

In 30-day terms of sales volume, Opensea led the pack with 40% of last month’s sales executed on the $NFT marketplace. The $NFT market Blur captured 32% of the 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 the $NFT sales in the last 30 days, according to dappradar.com statistics.