Today we’re going to take a look at how far the NFT space has come over the past year. On crypto Twitter every week feels like a month and we quickly become accustomed to new ATHs. Hopefully, these stats can offer some perspective 👇
Month's sales volume = $917,965.89
Month's active users = 2,977
Month's average sale = $149.42
Month's sales volume = $149,751,456.92 (+16,213%)
Month's active users = 39,663 (+1,232%)
Month's average sale = $1470.71 (+884%)
Month's sales volume = $22,611.16
Month's active users = 223
Month's average sale = $28.33
Month's sales volume = $8,839,668.84 (+38,994%)
Month's active users = 8,009 (+3,491%)
Month's average sale = $764.21 (+2,597%)
Month's sales volume = $250,011.83
Month's active collector = 342
Month's average sale = $331.14
Month's sales volume = $2,775,717.54 (+1,010%)
Month's active users = 462 (+35%)
Month's average sale = $5,410.76 (+1,533%)
Month's sales volume = $35,893.83
Month's active collector = 134
Month's average sale = $78.37
Month's sales volume = $279,220.00 (+678%)
Month's active collector = 246 (+84%)
Month's average sale = $672.82 (+759%)
It's important to note that even though NFT market performance today is just a fraction of the astronomical all-time highs we saw in February/March, the market has still seen tremendous growth when we look at things on a year timescale rather than a month timescale.
The peak of the hype cycle has passed but it left in its wake tens of thousands of creators and collectors who are here to stay, tens of millions of dollars of active capital and a rapidly growing ecosystem of startups and institutions. We're just getting started ⚡
(1) An active user is an artist and/or collector who made at least one sale or purchase that month. An active collector made at least one purchase that month. Does not include creators who minted but did not sell.
(2) The USD value of purchases is based on the USD exchange rate for the cryptocurrency used for the purchase at the time of purchase.
(3) A user can collect and mint from multiple wallets, under different usernames, on the same platform. This lowers the reliability of the active user count.
(4) Since $RARI is rewarded to Rarible sellers and buyers, some users wash-trade, i.e. sell items back and forth to farm the token. Total sales stats may be larger than reality.
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Article of the Week
^Super insightful article by @Artnome on what it takes to become a successful artist. Every creator in the NFT space should take notes ✍️
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