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Ethereum (
$1,636.61 ) NFT sales jumped 43% in January compared to the previous month, according to CryptoSlam.
Total sales in January came to $780.2 million, which comprised 267.6k unique sellers and 257.6k unique buyers, the data aggregator platform showed.
For comparison, total sales in December 2022 amounted to $546.8 million — consisting of 203.8k unique sellers and 188.2k unique buyers.
The jump in month-over-month sales saw a 31% increase in unique sellers and a 37% increase in unique buyers — suggesting resurging interest in NFTs. However, it was noted January’s average sale price of $372 is down on December 2022’s average of $391.
The chart below shows an uptrend in sales (black line) that peaked on Jan. 18 at $43.9 million. This was the highest sales day since May 20, 2022, when sales hit $44.3 million.
Source: CryptoSlam.io
A long way to go
Although the data points to a recovery in the NFT market, January’s figures were still significantly down from the market peak in January 2022.
Back then, monthly sales came in at $5.281 billion, comprised of 305k unique sellers and 450.3k unique buyers — with an average sale price of $2,388.
As such, year-on-year, sales are down 85%, unique sellers and unique buyers are down 12% and 43%, respectively — while the average sale price is 84% below the January 2022 peak.
Interest in non-fungibles has increased in recent weeks — largely thanks to Ordinals on the Bitcoin (
$62,563.00 ) blockchain, However, with macro uncertainty continuing to weigh heavily, it remains to be seen whether the uptick in NFT sales will hold.
Ethereum ( $1,636.61 ) is still number 1 for NFTs
Ethereum ( $1,636.61 ) remains the leading NFT platform — far exceeding its closest competitor Solana — across sales metrics, unique sellers and buyers, and the number of transactions.
Over the last 30 days, Solana’s NFT sales amounted to $115.3 million, while Ethereum ( $1,636.61 ) ’s came in at $861.3 million — around seven times more.
Interestingly, over this period, NFTs sales on ImmutableX and Aribitrum have jumped, growing 45.3% and 157.6%, respectively.
