Based on knowledge from the analytics platform Dune, NFT market Blur overtook the main NFT market OpenSea by way of gross sales volumes in December 2022. NFT suffered a specific downtrend in 2022 however began recovering on the finish of the 12 months.
Whereas month-to-month transactions of Ethereum-based NFT marketplaces reached over $16 billion in January 2022, the gross sales had been all the way down to lower than $2 billion by June. January was led by LooksRare contributing over $10 billion, whereas OpenSea accounted for the remaining.
Equally, nearly $8 billion got here from LooksRare in February with almost $4 billion contributed by OpenSea. The market dipped in March with lower than $6 billion in transactions with the identical marketplaces within the forefront. Whereas Might managed to cross the $6 billion threshold, it fell again to $2 billion in June.
The market maintained near $1 billion in gross sales income from July to November with OpenSea being a distinguished contender alongside X2Y2. Nevertheless, December noticed slightly rise in transactions with nearly $2 billion in transactions.
This downtrend was interrupted by Blur which contributed nearly $484 million in NFT gross sales quantity, nearly double its competitor OpenSea which demonstrated $263 million in the identical interval.
Furthermore, Blur famous 4.4 gross sales per consumer, in January 2023. Whereas OpenSea led with 18.9K customers and 50K gross sales, Blur noticed the very best quantity, with 11.3K ETH or $15.8M traded each day.
Moreover, NFT gross sales have as soon as once more dropped within the second week of January after rising 26% within the first week of the brand new 12 months. On January 15 gross sales additional sank 59.35% from the earlier week.