NFT

NFT sales dip around Christmas for the second year in a row


NFT

www.theblock.co

29 December 2022 07:35, UTC

  

Studying time: ~2 m


NFT gross sales have dipped main as much as Christmas for the second 12 months in a row.

NFT buying and selling quantity fell from over $24 million on Dec. 20 to $12.9 million on Dec. 25 of this 12 months — a 46.5% lower.

In 2021, NFT buying and selling quantity decreased from $80.8 million on Dec. 22 to $64.3 million on Dec. 25, based on the NFT knowledge tracker CryptoSlam.

Christmas transaction quantity fell 80% in 2022 in comparison with 2021, because of the depressed crypto market afflicting this 12 months. The downturn affected NFT market transactions significantly, resulting in consecutive decreases in transaction quantity for the previous eight months, with December’s knowledge incomplete.

Yuga Labs’s NFT mission Bored Ape Yacht Membership (BAYC) rallied main as much as Christmas for the second 12 months in a row, based on The Block’s Dashboard.

Within the 5 days main as much as the vacation, the mission’s ground worth elevated by 3.81 ETH in 2021 and 10.28 ETH in 2022. CryptoPunks’s ground worth decreased within the lead-up to Christmas final 12 months and remained regular across the vacation in 2022, regardless of comprising 5 of the 12 most costly NFT gross sales this 12 months.


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