NFT marketplaces’ monthly turnover nears $500 million

From February 4 to March 4, NFT trading volume on the 12 largest platforms reached a record $480 million.

In the last 30 days, the top 12 #NFT Marketplaces have accumulated over $480 million in transaction volume.

Find out which NFT Marketplace has been the biggest contributor. @opensea @nba_topshot @rariblecom @larvalabs @SorareHQ @AtomicHub @GPKMarket https://t.co/7vda2nV6cH

— DappRadar (@DappRadar) March 5, 2021

As of March 7, the figure could have surpassed the $500 million mark. By the time of writing DappRadar had not updated the statistics. The user counts for 5–7 March on the three leading NFT marketplaces exceeded those for the same dates in February.

Daily user counts on the leading NFT marketplaces. Data: DappRadar.

Daily transaction counts on the leading NFT marketplaces. Data: DappRadar.

From February 4 to March 4, the maximum price of a sold NFT reached $1.54 million (800 ETH). In the top-5 sales for this period, four tokens were from CryptoPunk.

Top 5 NFT sales on NFT marketplaces. Data: DappRadar.

The leading monthly turnover is held by the NFT marketplace NBA TopShot.

Top 5 NFT marketplaces by sales volume. Data: DappRadar.

NFT copy of Banksy’s burned painting was purchased for 228 ETH (~$400 000).

In late February, Beeple’s NFT featuring Trump was resold for $6.6 million. In December 2020, the artist earned $582,000 for ‘Crossroad’. Before that, Beeple’s «Everydays: The First 5000 Days» NFT was first offered for sale at Christie’s.

In early February, actress Lindsay Lohan sold an NFT token Lightning on a Rarible auction for $70,000. The popular meme GIF Nyan Cat was sold at Foundation for $568 000.

Litecoin creator Charlie Lee noted the similarities between the growing popularity of the NFT market and the ICO boom of 2017.

In analytics firm NonFungible they predicted substantial growth of the NFT market in 2021.

For February activity on NFT marketplaces, see ForkLog’s review ForkLog.

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