January Monthly NFT Report

January was the most effective month for token costs in virtually a yr, with ETH, BTC, and altcoins making their sharpest positive factors since July. Naturally, this led to elevated quantity and market cap within the NFT business.

Some metrics have been predictable, just like the variety of funding rounds closed persevering with to slip. The breakdown of NFT quantity by chain has stayed the identical, with Ethereum nonetheless the go-to chain for NFTs, adopted distantly by Solana and Polygon. 

Nevertheless, different developments have been each vital and sudden. Whereas throughout the bull market, analysts and consultants debated whether or not LooksRare or one other market would overtake OpenSea, NFT aggregators have develop into the dominant power within the business. Whereas we lined the emergence of those platforms final November, a brand new aggregator, Blur, has taken the sector by storm, turning into a number one participant.   

Key Findings

Crypto Macro Overview

NFT Market Overview

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