March 6, 2023, 6:52AM EST
• 5 min read

February Blue-Chip NFT Recap

Quick Take

  • This piece provides a recap of blue-chip NFT activity in February 2023.
  • The total trading volume for blue-chip NFTs jumped to $633.0mm, up 152.2% MoM, with BAYC’s market share falling for the third consecutive month.
  • The total number of blue-chip NFT sales skyrocketed to 32.7K, up 310.5% MoM, with Clone X toppling MAYC.
  • The floor price performance of blue-chip NFTs showed mixed results, ranging between a decrease of 7.8% MoM and an increase of 16.4% MoM.
  • The development of the effective royalty rates shattered hopes of a continued recovery, plummeting by up to 1.6% MoM.
  • The number of unique MAYC and BAYC holders continued to contract, realizing decreases of 2.9% and 2.8% MoM, respectively.

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