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This piece provides a recap of blue-chip NFT activity in January 2023.
The total trading volume for blue-chip NFTs dipped to $247.8mm, down 23.2% MoM, with Clone X’s market share nosediving by 5.0% MoM.
The total number of blue-chip NFT sales fell to 8.0K, down 30.4% MoM, with MAYC expanding its market share to 33.4%.
Floor prices universally trended upwards but largely failed to beat the price performance of ETH.
A pronounced resurgence of the effective royalty rates benefited all blue-chip NFTs but Moonbirds, in particular, which registered a recovery to 2.2%.
The number of unique MAYC and BAYC holders plummeted tremendously, noting MoM declines of 3.3% and 2.5%, respectively.
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