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This piece provides a recap of NFT Marketplace activity in January 2023.
The total NFT trading volume on Ethereum bounced back to $796.3mm, marking a 47.1% MoM increase.
The total number of NFT transactions on Ethereum skyrocketed to 2.2mm, up 14.9% MoM.
Blur’s user growth slowed down, while that of OpenSea recorded an upswing for the second month in a row, surging to 329.4K.
Effective royalty rates recovered across the board, with Blur displaying a 48bps MoM increase.
In line with the NFT market’s rebirth, protocol fee revenues rebounded, with X2Y2 boasting a sharp 92.2% MoM increase.
Footnotes
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