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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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