{"id":298683,"date":"2023-02-14T10:35:55","date_gmt":"2023-02-14T10:35:55","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=298683"},"modified":"2023-08-04T15:22:47","modified_gmt":"2023-08-04T14:22:47","slug":"ethereum-nft-sales-climb-43-in-january","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ethereum-nft-sales-climb-43-in-january\/","title":{"rendered":"Ethereum NFT sales climb 43% in January"},"content":{"rendered":"<p>Ethereum NFT sales jumped 43% in January compared to the previous month, according to CryptoSlam.<\/p>\n<p>Total sales in January came to $780.2 million, which comprised 267.6k unique sellers and 257.6k unique buyers, the <a href=\"https:\/\/www.cryptoslam.io\/blockchains\/ethereum\">data aggregator platform<\/a> showed.<\/p>\n<p>For comparison, total sales in December 2022 amounted to $546.8 million \u2014 consisting of 203.8k unique sellers and 188.2k unique buyers.<\/p>\n<p>The jump in month-over-month sales saw a 31% increase in unique sellers and a 37% increase in unique buyers \u2014 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.<\/p>\n<p>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.<\/p>\n<figure id=\"attachment_298687\" aria-describedby=\"caption-attachment-298687\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-298687 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Capture-8-1024x312.png\" alt=\"Ethereum NFT $ sales and number of buyers and sellers\" width=\"1024\" height=\"312\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Capture-8-1024x312.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Capture-8-300x91.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Capture-8-768x234.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Capture-8.png 1290w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-298687\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.cryptoslam.io\/blockchains\/ethereum\">CryptoSlam.io<\/a><\/figcaption><\/figure>\n<h2>A long way to go<\/h2>\n<p>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.<\/p>\n<p>Back then, monthly sales came in at $5.281 billion, comprised of 305k unique sellers and 450.3k unique buyers \u2014 with an average sale price of $2,388.<\/p>\n<p>As such, year-on-year, sales are down 85%, unique sellers and unique buyers are down 12% and 43%, respectively \u2014 while the average sale price is 84% below the January 2022 peak.<\/p>\n<p>Interest in non-fungibles has increased in recent weeks \u2014 largely thanks to <a href=\"https:\/\/cryptoslate.com\/?s=ordinals\">Ordinals<\/a> on the Bitcoin blockchain, However, with macro uncertainty continuing to weigh heavily, it remains to be seen whether the uptick in NFT sales will hold.<\/p>\n<h2>Ethereum is still number 1 for NFTs<\/h2>\n<p><a href=\"https:\/\/www.cryptoslam.io\/blockchains\">Ethereum<\/a> remains the leading NFT platform \u2014 far exceeding its closest competitor Solana \u2014 across sales metrics, unique sellers and buyers, and the number of transactions.<\/p>\n<p>Over the last 30 days, Solana's NFT sales amounted to $115.3 million, while Ethereum's came in at $861.3 million \u2014 around seven times more.<\/p>\n<p>Interestingly, over this period, NFTs sales on ImmutableX and Aribitrum have jumped, growing 45.3% and 157.6%, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum 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 \u2014 consisting of 203.8k unique sellers and [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":298727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,77873,76232,78756],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum NFT sales climb 43% in January<\/title>\n<meta name=\"description\" content=\"Ethereum NFT sales for January amounted to $780.2 million \u2014 significantly up on the previous month but still 85% down year-on-year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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