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Feb 5 7 tweets 2 min read
NFT Market 2021 - Jan 2022

❗ Jan'22 has dethroned Aug'21 as the best performing month for NFTs w/:

- Highest volume traded of ~$6b USD
- Highest transactions of ~ 3.9m
- Highest avg. daily users of 67k

Let's take a look at how far we've come!

A short🧵: /5
1/5

In just a year (Jan'21 vs Jan'22), OpenSea's:

- Volume (USD) 750x-ed / 📈 74,913%
- Transaction 346x-ed / 📈 34,522%

For perspective - no. of ETH transactions 📉 ~2% in the same period Image
2/5

Comparing Jan'22 w/ Aug'21 (previous best performing month):

- Volume (USD) 1.77x-ed / 📈 ~77%
- Transaction 2.35x-ed / 📈 ~135%
3/5

For it's 67,110 avg. unique daily users:

- a 302x / 30,156% 📈 from 222 in Jan'21
- a 4.26x / 326% 📈 from 15,750 in Aug'21
- a 1.84x / 84% 📈 from 36,559 in Dec'21 (prev. highest user count)
Image
4/5

The NFT/Metaverse space continues to develop with efforts from the crypto-natives and IRL companies breaking in.

NFTs are definitely here to stay as we unlock more use cases and become an integral part of our daily lives, like it / know it or not!
5/5

I'm excited to be part of this space to witness the evolution & adoption! Hopefully, in time I'd be able to contribute more and shape the space as well.

Once again special thanks to @hildobby_ for the data.

See you all in the metaverse!😎

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More from @jus___

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For now, I'll be studying/writing on interesting projects, case studies, weekly news & improvement suggestions. Do follow me on this journey.
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Jan 24
1/n

Weekly NFT Juice (17-23 Jan)

In this weekly series, I compile happenings in the NFT space that I think you should know + thoughts

Series format:

-Performance of general NFT market
-In the Verse (news for crypto-natives)
-Over the Bridge (news for IRL co. coming in)

LFG!
2a/n

Past 7 week's performance (OpenSea only)!

- Jan'22 has already outperformed Aug'21 as the best performing month with 1 week to go

- Volume & no. of transactions declining though; possibly due to overall crypto weakness
2b/n

This particular week (17 - 23/1)

- Lack of recovery in crypto market also evident in NFT market, smart buyers prolly in stables waiting for cheaper ETH to scoop cheap NFTs?

- Even if NFT holds it's ETH denomination, ETH's USD value falling still a big deterrent
Read 16 tweets

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