- High Trading Volume: Ethereum NFTs reached over $197 million in trading volume the Otherdeed NFT collection was the most traded collection on the Ethereum blockchain.
- Market Leaders: Blur was the leading NFT marketplace in terms of volume, with $89 million in 7-day volume, and PFPs remain the leading NFT category, with over 62K ETH in 7 days.
Trading Volume and Marketplaces
Ethereum NFTs saw over $197 million in trading volume over the past 7 days. The Otherdeed NFT collection was the most traded collection on the Ethereum blockchain, with $17.2 million in sales from 5,189 transactions. Doodles came in second with $14.4 million in sales from 1,428 transactions, followed by the Mutant Ape Yacht Club (MAYC) with $13.4 million from 567 transactions.
The Otherdeed collection had an average volume per trader of $3,295, with a total of 5,189 transactions. Doodles had an average volume per trader of $10,155, with 1,428 transactions. The Mutant Ape Yacht Club had an average volume per trader of $23,661, with 567 transactions. These collections demonstrate the diversity and excitement in the NFT market, as well as the potential for significant profits for those who trade in these high-demand NFTs.
Doodles, the second most traded NFT collection on the Ethereum blockchain over the past week, has made headlines with its recent acquisition of animation studio Golden Wolf. The acquisition will allow Doodles to develop original narrative content and expand its reach in the NFT market. Golden Wolf is a well-known animation studio with a reputation for producing high-quality, imaginative content. With this acquisition, Doodles is positioning itself as a leader in the NFT space and is sure to have a significant impact on the industry moving forward.
Blur was the leading NFT marketplace in terms of volume, with $89 million in 7-day volume, followed by OpenSea with $76 million in volume, but with a higher number of traders (279K vs. 105K).
Ethereum NFT Ecosystem
The NFT market sentiment remains “cool”, with the number of 30-day unique addresses at a loss standing at 371K and the number at profit at 111K. The NFT blue-chip index is currently around 9K. Ethereum NFT volume peaked on February 5th at 18:00 UTC, with over 10.1K ETH within a 2-hour time slot.
In terms of categories, PFPs continue to lead with over 62K ETH in 7 days, followed by Collectibles with 22.5K ETH, Art with 17K ETH, Utility with 16.4K ETH, and Land with 10.2K ETH.
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