NFT Market's Wild Ride: Sales Dip but Activity Hikes! The
NFT landscape has been a rollercoaster ride this past year, folks! While the sales numbers took a
63% plunge from the dizzying heights of 2022's $23.74 billion, they've nestled at a cozy $8.70 billion in 2023.
But it's not all downhill - the
transaction count skyrocketed to 90.6 million! That's a leap over the previous year's 54.8 million. More NFT enthusiasts are joining the party - we've seen 4.16 million sellers and 4.97 million buyers mixing it up this year!
Surprising twists in the
NFT marketplace: Bitcoin and Solana threw some punches at Ethereum's throne late in the year. November and December saw Bitcoin NFTs go through the roof, and hey, they've now snagged the
fourth spot in sales!
Meanwhile,
Axie Infinity holds onto the title belt despite challengers like Bored Ape Yacht Club (BAYC) and Cryptopunks. Though BAYC's floor value did a somersault from about $84K to $60K, they're still a heavyweight in the ring.
