There at the moment are a complete of 80,300 NFT collections on the Ethereum blockchain, up from 15,540 12 months over 12 months. In the meantime, Ethereum addresses holding a number of NFTs have additionally skyrocketed because the trade is getting extensively adopted, regardless of the current market turbulence within the crypto area.
Curiosity in NFTs Continues to Improve
Although the broader crypto market has been on a months-long downtrend relationship again to November 2021, the keenness related to NFTs actions has proven constant power.
Based on the information collected by IntoTheBlock, a blockchain intelligence agency devoted to on-chain evaluation, the variety of NFT collections on the Ethereum community has elevated by over 100% in 2022. In comparison with the quantity recorded a 12 months in the past, with solely round 15.5K collections obtainable, greater than 80K NFTs at the moment are on the community.
In the meantime, the full quantity traded by NFTs has additionally elevated drastically over the previous 12 months, with the day by day quantity solely $622M a 12 months in the past, rising practically 90 instances to the present degree of round $54.58B per day.
By way of Ethereum addresses holding no less than 1 NFT, the surge of curiosity has been conspicuous since September 2020. Additionally, only one.4% of the wallets held 1+ NFTs a 12 months in the past, however the quantity now has gone as much as 4.64%.
Amongst all of the Ethereum-based NFT collections, BoredApeYachtClub nonetheless reigns as probably the most invaluable NFT mission, owned by 6,422 addresses, with its market cap reaching 1.05M ETH, equal to $3.18B. CryptoPunks and MutantApeYachtClub are the second and third greatest NFT collection by valuation, respectively, price 471.43K ETH and 456.23K ETH.
Solana as a New Dwelling for NFT Collections
Although the most well-liked NFTs nonetheless exist on the Ethereum blockchain, Solana-based digital collections have lately caught up and garnered immense consideration. In Solana, transaction prices are often lower than a greenback. Many NFT tasks and collectors have migrated to its blockchain for scalability and low-cost transaction prices.
By the tip of January, the gross sales quantity within the ecosystem crossed the $1 billion mark. Degenerate Ape Academy, a massively widespread assortment of 10,000 distinctive NFT Apes solely obtainable on the Solana blockchain, had its highest sale for one single Ape at $1.1 million in September 2021.