Nearly $13 Billion in Sales: Breaking Down 5 NFT Collections by Sales Volume 

Must read

MicroStrategy X Account Hacked In Elaborate Ethereum Token Scheme – Details

The crypto community is once again on high alert after hackers compromised the official X account (previously known as Twitter) of business intelligence...

Fiction Or Truth? Ripple Was Founded By Long Line Of Bankers, Claims Pundit

Edo Farina is a prominent figure in the XRP community, known for serving as the Head of Social Adoption at XRPHealthcare and is...

Forget Bitcoin Holders: Litecoin Investors Are The Real Diamond Hands, According To This Metric

Litecoin’s price action in February has been somewhat positive. Litecoin is currently up by 6.4% since February 1, giving its holders something positive...

Non-fungible token (NFT) assets have existed since at least 2014, but interest in them began to rise in January 2021, according to Google Trends data. Approximately one year later, the search term “NFT” reached its highest score on Google Trends. During that time the top five NFT collections, in terms of all-time sales volume, have collectively accrued $12.7 billion in sales volume.

5 Non-Fungible Token Projects Capture $12.7 Billion in Sales

Two years ago, the search query “NFT” first appeared on Google Trends (GT), reaching a score of 1 out of 100 in the first month of 2021. Before that time, GT data shows little to no interest in NFTs, despite their existence since 2014. A year later, NFTs were quite popular and the search query reached a score of 100 as searches for the term skyrocketed. Another year later, interest in NFTs has decreased significantly, with the search query reaching a score of 11 out of 100 during the week of January 22-28, 2023.

Google Trends data from Jan. 2004 to Jan. 28, 2023.

As January 2023 ends, metrics indicate that the top five NFT collections by all-time sales volume have recorded a total of $12.7 billion in sales volume since they began receiving significant attention. According to data from dappradar.com, the leader in NFT sales volume over the last two years is Axie Infinity, which has amassed $4.27 billion in sales volume. On January 28, 2023, dappradar.com reports that Axie Infinity’s market capitalization was $1.37 million. The website explains that “market capitalization is equal to the floor price multiplied by the collection total supply.”

The top five NFT collections in terms of all-time sales include Artblocks, Axie Infinity, BAYC, MAYC, and Cryptopunks.

Cryptopunks follows Axie Infinity in overall sales volume, having accumulated $3.02 billion in all-time sales volume. Its current market valuation is larger than Axie’s market capitalization, at $1.04 billion. According to data, 7,503 traders have traded Cryptopunks NFTs in 23,259 sales. Next in the top collections is Bored Ape Yacht Club (BAYC), with $2.39 billion in all-time sales volume. BAYC has recorded 31,225 sales among 15,176 traders. Its current market capitalization is slightly lower than Cryptopunk’s, at $1.02 billion.

The fourth largest NFT collection in terms of all-time sales is Mutant Ape Yacht Club, with $1.66 billion. Mutant Ape Yacht Club (MAYC) has an overall market capitalization of around $427 million, and 47,744 sales have been recorded among 30,475 MAYC traders. The fifth-largest NFT collection in terms of all-time sales is Artblocks, with $1.36 billion in global sales volume. Its current market capitalization is around $143 million, and the project has seen 227,294 sales recorded among 54,842 traders. While all five NFT collections have amassed $12.7 billion in sales volume, their collective value is around $2.619 billion.

What do you think about the five NFT projects that have collectively recorded $12.7 billion in all-time sales? Let us know your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More articles

Latest article

MicroStrategy X Account Hacked In Elaborate Ethereum Token Scheme – Details

The crypto community is once again on high alert after hackers compromised the official X account (previously known as Twitter) of business intelligence...

Fiction Or Truth? Ripple Was Founded By Long Line Of Bankers, Claims Pundit

Edo Farina is a prominent figure in the XRP community, known for serving as the Head of Social Adoption at XRPHealthcare and is...

Forget Bitcoin Holders: Litecoin Investors Are The Real Diamond Hands, According To This Metric

Litecoin’s price action in February has been somewhat positive. Litecoin is currently up by 6.4% since February 1, giving its holders something positive...