NFT Market Booms in Jan Again, 3X December’s, What Happened and What to Expect Next?

2021-02-10 08:50:00 · 7393 views · 5 min read

 

 

This January, the entire Ethereum NFT market welcomed an amazing start to the new year 2021.

The 30d volume hit $73.19M, more than 3 times higher than the last period. CryptoPunks ranks No.1 marketplace with its $37.75M volume accounting for 51.6% of the total volume, followed by OpenSea ($26.90M 36.7%), SuperRare ($6.04M), Rarible ($4.16M 5.7%) and Doki Doki ($3.95M 5.4%).

 

 

The market volume boom is mainly leading by the top 2 dapps. CryptoPunks 30d volume has increased by 503.08%, while OpenSea 30d volume increased by 420.08%.

 

 

As we’ve introduced in January, an ultra-rare CryptoPunk card was sold for 605 ETH that made it the most expensive NFT at the time, worth about $750,000. The card sale obviously pushed CryptoPunk’s volume to a new high.

CryptoPunks social signal keeps rising from 1K to almost 4K in January. The highest 24h volume is $5.17M on 23rd Jan. Its 30d users increased by 62.11%, 30d transactions increased by 95.29%, 30d volume increased by 503.08%.

 

 

Then what contributed to OpenSea’s volume boom?

It’s because of Hashmasks, a new non-fungible token project. It has raised over 7,600 ETH worth about $10M from its recent sale on OpenSea. 

Hashmasks introduces a combination of digital art and collectibles with a value hierarchy determined by both the creator and the consumer of the artwork. Hashmasks is a living digital art collectible created by over 70 artists globally. It is a collection of 16,384 unique digital portraits. Now the sale has ended.

OpenSea's on-chain users, transactions and volume all hit the daily highest record on 2nd Feb after a continuous increase. The 30d users increased by 31.51%; 30d transactions increased by 41.51%; 30d volume increased by 420.08%.

 

 

We see another new face Doki Doki among the top 5, which was introduced as a new profitable NFT project in our previous article.

Its utility token $DOKI price sharply increased from $76.79 on 1st Feb to $152.50 on 5th Feb, the price almost doubled. Perhaps it’s due to the $DOKI staking pool live in YFLink (LINKSWAP) on 2nd Feb.

DokiDoki has just joint Matic Network, which means you can play its Gachapon on Ethereum Layer 2 now!

 

 

Next, let’s review the on-chain transaction data of NFT marketplaces.

Total 71.34K transactions happened in Ethereum marketplace dapps in the past 30 days, with a slight increase of 5.88%. The 1st place goes to district0x

The district0x project also ranks No.1 in terms of active users. It has 11.19K active users, which accounts for 42.8% of the total users in the marketplace, almost twice of OpenSea’s users.

Its users and transactions both reached the peak on 6th Feb. The 30d transactions increased by 11.65%, while the 30d users increased by 8.49%.

 

 

Actually, together with its rapid growth, NFT has also gradually come into the mass public’s view. An ever-growing list of celebrities and influencers are having their trials into NFT tech, which will raise their fans’ attention on the blockchain area. 

 

 

Just a few days ago, Mike Shinoda, the rapper of Linkin Park, launched an auction on Rarible last night for dapp Zora, an NFT music clip from a forthcoming song.

We’ve introduced Zora in this article - From Creativity to Crypto: New Blockchain Apps for Artists and Buyers. It aims to achieve a dynamic market owned by the creator, which allows them to maximize their sharing of profit, based on blockchain technology. Platforms like Zora utilize NFT and blockchain to build bridges directly between the creators/influencers and their fans without a middleman.

 

 

Can we expect a more and more prosperous NFT market with a growing mass acceptance?

 

 

 

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Related Products
OpenSea
4.9
Main Network
Digital marketplace for crypto collectibles
Ethereum
Marketplace
CryptoPunks
5.0
Main Network
A classic game to collect crypto pixel art
Ethereum
Marketplace
SuperRare
5.0
Main Network
One of a kind authentic digital art NFTs
Ethereum
Marketplace
Rarible
5.0
Main Network
Create and sell digital collectibles
Ethereum
Marketplace
Doki Doki
5.0
Main Network
A Gamified Marketplace of "Gachapon Machines" for NFTs
Ethereum
Game
Hashmasks
0.0
Main Network
The next generation of digital art collectibles
Ethereum
Marketplace
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