December Monthly NFT Report in Collaboration with Footprint Analytics

In December, the NFT marketplace thrived with trading volumes surging and unsocial idiosyncratic counts increasing. Explore the elaborate insights of the marketplace successful our December Monthly NFT Report, created successful collaboration with Footprint Analytics.

December saw a notable surge successful the crypto and NFT realms, with Bitcoin and Ethereum experiencing important upward trends, signaling a rejuvenated market. The NFT sector, successful particular, demonstrated its vitality with soaring trading volumes and an summation successful unsocial idiosyncratic (wallet) counts, indicative of an evolving and maturing landscape.

This study is based connected information sourced from Footprint Analytics’ NFT probe page, a broad and user-friendly dashboard. It offers up-to-date statistic and metrics indispensable for grasping the pulse of the NFT industry, encompassing trades, projects, funding, and more.

Key Points

Crypto Macro Overview

• December was a period of resilience for Bitcoin, commencing astatine $37,729 and climbing 11.8% to reason astatine $42,171. 
• This optimism, coupled with the anticipated US Federal Reserve complaint cuts, reinforced capitalist confidence, positively impacting the cryptocurrency sector.

NFT Market Overview

• December stood retired arsenic a singular month, marked by a important 32.3% surge successful trading measurement to $852.2 million.
• The marketplace headdress of NFTs besides displayed resilience, starting astatine $5.24 cardinal and increasing 6.5% to adjacent astatine $5.58 billion.
• The Blue Chip Index saw a humble emergence of 4.6%.

Chains & Marketplaces for NFTs

• In December, divers trends successful blockchain web engagement were observed: Ethereum’s idiosyncratic basal grew by 10.9%, Polygon’s accrued by 19.2%, BNB Chain saw a 41.8% rise, and Sui’s users doubled. 
• The 2023 NFT marketplace measurement totaled $13.12 billion, marking a alteration from the erstwhile year’s high. Ethereum’s marketplace dominance somewhat receded to 97.8%, down from 2022’s 99.8%, indicating a gradual diversification successful the market.
• In 2023, the yearly measurement show of cardinal NFT marketplaces showed notable shifts from the erstwhile year. Blur achieved a singular yearly measurement of $7.26 billion, a leap from $646.03 cardinal successful 2022. 

NFT Investment & Funding   

• December was a bustling period successful the NFT market, marked by 5 backing rounds that cumulatively raised $159.88 million.
• LINE NEXT raises $140 cardinal to grow the Web3 ecosystem.

What’s New? 

• Ubisoft introduces “Warlord NFTs” up of its highly anticipated merchandise of “Champions Tactics: Grimoria Chronicles” acceptable for 2024.
• Forbes Web 3.0 launches NFT corporate wallet.
• Animoca Brands raises an further US$11.88 cardinal successful the 2nd tranche of backing for Mocaverse.
• Magic Eden integrates the NFT marketplace into the blockchain strategy crippled Honeyland.

Crypto Macro Overview

December was a period of resilience for Bitcoin, commencing astatine $37,729 and climbing 11.8% to reason astatine $42,171. Ethereum mirrored this ascent, opening astatine $2,052 and escalating 11.7% to extremity astatine $2,293.

Source: BTC Price & ETH Price

The period besides witnessed a bullish sentiment successful planetary banal markets, spanning the US, India, Japan, France, and Germany. This optimism and the anticipated US Federal Reserve complaint cuts reinforced capitalist confidence, positively impacting the cryptocurrency sector. Furthermore, the expected support of a spot Bitcoin ETF successful the US and Hong Kong’s readiness for spot crypto ETF applications contributed to this upbeat mood. These developments signify an expanding alignment betwixt accepted fiscal markets and the crypto ecosystem.

NFT Market Overview 

December stood retired arsenic a singular month, marked by a important 32.3% surge successful trading measurement to $852.2 million. The fig of transactions ascended by 29.4% to 1,384,729, portion unsocial idiosyncratic wallets saw a 21.4% increase, reaching 297,432.

Source: NFT Market Overview

The marketplace headdress of NFTs besides displayed resilience, starting astatine $5.24 cardinal and increasing 6.5% to adjacent astatine $5.58 billion.

Source: NFT Market Cap & Volume

The buyer-to-seller ratio successful the NFT marketplace reached a notable 102.1%, a 1.45% summation from November, with 180,232 buyers (up 22.7%) and 176,607 sellers (a 21.0% increase).

Source: Daily Buyers & Sellers

The Blue Chip Index, too, saw a humble emergence of 4.6%.

Source: BlueChip Index

Key insights from Footprint Analytics indicated singular maturation for Pudgy Penguins and Mocaverse successful December. Pudgy Penguins’ level terms soared by 64.4%, rising from 6.46 ETH to 10.62 ETH, portion Mocaverse‘s level terms escalated by 51.6%, from 2.23 ETH to 3.38 ETH. Additionally, Animoca Brands raised an further US$11.88 cardinal for Mocaverse successful December, pursuing a US$20 cardinal concern successful September 2023.

Source: Market Cap Distribution successful December

Chains & Marketplaces for NFTs

December spotlighted Ethereum arsenic the person successful the NFT marketplace with a important trading measurement of $836.1 million, comprising 98.1% of the full marketplace activities, a notable 31.8% summation from November.

The month’s information revealed divers idiosyncratic engagement trends crossed blockchain networks. Ethereum continued its upward trend, increasing its unsocial idiosyncratic number to 155.74K, a 10.9% summation from November. Polygon’s idiosyncratic number roseate by 19.2% to 109.65K, recovering from its erstwhile decline. BNB Chain besides bounced back, reaching 23.83K users, a 41.8% increase, though inactive shy of its July peak. Sui doubled its November figure, rising to 18.47K users.

Source: Monthly Unique User by Chain

In a broader view, the 2023 NFT marketplace measurement totaled $13.12 billion, marking a alteration from the erstwhile year’s high. Ethereum’s marketplace dominance somewhat receded to 97.8%, down from 2022’s 99.8%, indicating a gradual diversification successful the market.

Source: Yearly Volume by Chain

Polygon led the 2023 unsocial idiosyncratic number with a singular 231.0% increase, reaching 1.28 cardinal users. Ethereum saw a 45.2% alteration to 1.19 cardinal users, reflecting a displacement successful idiosyncratic preferences crossed chains. BNB Chain’s idiosyncratic basal expanded to 0.35 million, a 280.7% leap from 2022.

Source: Yearly Unique User by Chain

December’s marketplace dynamics showed important shifts. Blur’s trading measurement grew by 45.4% to $620.82 million, portion OpenSea’s measurement roseate 25.2% to $186.97 million. X2Y2, however, experienced a 32.0% alteration successful volume.

Source: Monthly Volume by Marketplace – Distribution

Furthermore, OpenSea’s unsocial users accrued by 14.02% to 232,702 successful December, affirming its leadership. Blur and Element besides reported growths successful unsocial users by 18.99% and 18.58%, respectively.

Source: Monthly Unique Users by Marketplace

In 2023, the yearly measurement show of cardinal NFT marketplaces showed notable shifts from the erstwhile year. Blur achieved a singular yearly measurement of $7.26 billion, a leap from $646.03 cardinal successful 2022. OpenSea, contempt a measurement driblet to $3.31 cardinal from $20.91 billion, remained influential.

Source: Yearly Volume by Marketplace

OpenSea’s unsocial idiosyncratic number saw a flimsy decline, portion Blur’s idiosyncratic basal surged by 189.78% to 291,579, signaling its accelerated ascent successful the NFT market.

Source: Yearly Unique Users by Marketplace

NFT Investment & Funding   

December was a bustling period successful the NFT market, marked by 5 backing rounds that cumulatively raised $159.88 million.

Source: DOSI Citizen

As we bid farewell to 2023, the resilience and dynamic improvement of the NFT marketplace heralds a transformative twelvemonth up successful 2024. NFTs are rapidly moving beyond accepted collecting, progressively serving arsenic a mean to correspond lawsuit identities, melding integer with carnal realities, and fostering idiosyncratic co-creation. This improvement marks a wide way toward broader mainstream adoption. The expanding diverseness successful idiosyncratic information and the emergence of cutting-edge platforms are shaping a richly layered and multifaceted NFT ecosystem, poised for continued innovation and growth.

________________

Data includes: 

• Blockchains: Ethereum, Polygon, BNB Chain, Cronos, Optimism, Sui
• Marketplaces: OpenSea, LooksRare, Blur, X2Y2, Cryptopunks, Rarible, SuperRare, Foundation, Decentraland, Aavegotchi, Element, Era7, the Sandbox, Minted, Clutchy, BlueMove, Hyperspace, Tocen, and Keepsake. 

Check retired Footprint Analytics >> Here

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Follow america connected Twitter
Like america connected Facebook
Follow america connected Instagram

*All investment/financial opinions expressed by NFT Plazas are from the idiosyncratic probe and acquisition of our tract moderators and are intended arsenic acquisition worldly only. Individuals are required to afloat probe immoderate merchandise anterior to making immoderate benignant of investment.