In recent weeks, the world of non-fungible tokens has experienced a meteoric rise, marked by skyrocketing popularity, high-profile sales, and a thriving community of artists, makers, and collectors. In December, the non-fungible token market saw explosive growth, attracted by the rise of Ordinals, SOL NFTs and BRC-20 NFTs.
NFT sales hit in December 2023
Data collected by CryptoSlam.io, an on-chain data aggregator, indicates that sales of non-fungible tokens skyrocketed in December. Over the past 30 days, the fast-growing global NFT market has reached $1.7 billion in trade sales volume, representing a 67% spike from November.
Bitcoin, the blockchain network that supports the flagship crypto ‘Bitcoin’, was the most traded network for non-fungible tokens in December. Over the past 30 days, the Bitcoin-based NFT collection has amassed a trade sales volume of $862 million. During this time, Bitcoin-based NFT sales increased 125% from the previous month.
Non-fungible tokens hosted on Ethereum, the largest and most preferred blockchain network for NFTs, were the second most traded NFT collections in December. In the last 30 days, Ethereum-based NFTs have recorded a trade sales volume of $360 million. However, Ethereum NFT sales fell 12% in December compared to the previous month.
Digital collectibles hosted on Solana were the third most traded NFT collection in December 2023. Over the past 30 days, the Solana-based NFT collection has amassed a trade sales volume of $322 million, which represents a 280% spike from the previous month . The Solana blockchain network emerged as the main competitor to Ethereum in December.
Source: CryptoSlam.io, NFT sales volume by blockchain in the last 30 days
Non-fungible token collections hosted on Polygon, an Ethereum scaling network, were the fourth most traded NFT collection in December 2023. In the past 30 days, Polygon-based NFTs have amassed a trade sales volume of $48 million, peaking at 7.03 % represents. of the past month.
The Arbitrum blockchain network has recently risen in the rankings. In December, Arbitrum-based NFTs were the most traded NFT collection. Over the past 30 days, Arbitrum-based NFTs have amassed $28 million in trade sales volume, which represents a 180% spike from the past month.
The Ethereum blockchain network took the lead in washing NFTs in December, amassing a trade sales volume of $366 million. According to the description, wash trading is a form of market manipulation where collectors sell and buy the same NFTs at the same time, creating a false impression of market activity.
Ten best-selling NFTs in December 2023
Source: CryptoSlam.io, top selling NFTs in the last 30 days
1. $SAT BRC-20 NFT Collection
$SAT, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, was the top-selling NFT collection in December. Over the past 30 days, the $SAT BRC-20 NFT collection has recorded a trade sales volume of $81 million. The NFT collection fell 11.94% in sales volume in December.
2. Bitcoin Ordinal ‘Uncategorized’ NFTs
Bitcoin Ordinals, the equivalent of non-fungible tokens created on the Bitcoin blockchain using satoshis, the smallest value on the chain, was the second most sold coin in December. In the last 30 days, the Bitcoin Ordinals NFT collections have attracted a trade sales volume of $81 million. Bitcoin Ordinal sales increased 294% in December compared to the previous month.
3. $RAT BRC-20 NFT Collection
$RAT, an animal-inspired, non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, was the third most sold in December. Over the past 30 days, the $RAT BRC-20 NFT collection has registered a trade sales volume of $56 million. $RAT BRC-20 NFT sales increased 25.63% in December from the previous month.
4. $MICE BRC-20 NFT Collection
$MICE, another animal-inspired non-fungible token collection created on the Bitcoin blockchain network, was the fourth best-selling NFT collection in December. In the last 30 days, the $MICE BRC-20 NFT collection has amassed a trade sales volume of $43 million. $MICE BRC-20 NFT sales increased 8,987% in December from the previous month.
5. Tensorians NFT Collection
Tensorians, an NFT collection created exclusively on the Solana blockchain network, was the fifth most sold NFT collection in December. In the last 30 days, Tensorians’ NFT collection has amassed a trade sales volume of $27 million. Tensorians NFT sales volume increased 323% in December.
Source: CryptoSlam.io, top selling NFTs in the last 30 days
6. Bitcoin Frog NFT Collection
Bitcoin Frogs, an NFT collection hosted on the Bitcoin blockchain network using Sotoshi Nakamoto’s ordinal protocol, was the sixth most sold NFT collection in December. In the last 30 days, the Bitcoin Frogs NFT collection has amassed a trade sales volume of $26 million. Bitcoin Frogs NFT sales rose 143% in December.
7. $SQTS BRC-20 NFT Collection
$SQTS, another non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, was the seventh best-selling NFT collection of December. In the last 30 days, the $SQTS BRC-20 NFT collection has amassed a trade sales volume of $26 million.
8. Mad Lads NFT Collection
Mad Lads, an NFT collection from digital asset firm Coral with a limited edition of 10,000 NFTs hosted on the Solana blockchain network, was the eighth best-selling NFT collection in December. Over the past 30 days, the Mad Lads NFT collection has recorded a trade sales volume of $24 million. Mad Lads NFT sales increased 27.54% in December.
9. Sentry Node License NFT Collection
Sentry Node License, a non-fungible token collection hosted on the Arbitrum blockchain network, was the ninth most sold NFT collection in December. In the last 30 days, the Sentry Node License NFT collection has amassed a trade sales volume of $22 million.
10. God’s Unchained NFT Collection
Gods Unchained, an NFT collection of the digital trading card Gods Unchained hosted on Immutable Over the past 30 days, the Gods Unchained NFT Collection has recorded a trade sales volume of $21 million, closing out our top ten best-selling NFT collections in December 2023.
Most expensive NFTs sold in December 2023
Van Gogh’s painting No. 216 was the most expensive NFT collection sold in December, thirty days ago for $1,199,108. FrxETHRedemption #33 was the second most expensive NFT collection sold in December, selling for $638,433 seven days ago. Deep Vision #05128 NFT was the third most expensive NFT collection sold in December, selling for $551,770 twelve days ago.
Source: CryptoSlam.io, Most Expensive NFTs Sold in the Last 30 Days
The NFT market forecast for January 2024
The non-fungible token space is expected to grow further next year. In an exclusive interview with MuntelegraafJason Lau, head of innovation at crypto exchange OKX, said he believes the recent trend of posting NFTs on the Bitcoin network will continue into 2024 as educators become “more educated and discerning.” Bitcoin-based NFTs have taken the NFT space by storm in 2023.
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