Top Performing NFT Collections During the Holidays
The cryptocurrency and NFT market has had a rough year. However, a number of projects are showing promising signs amid the harsh reality.
Azuki, DeGods, Otherdeed and y00t were the most successful NFT collections over the holiday season. Although several NFTs registered small declines in the number and volume of transactions, the collections stood out among all others in the various markets for non-fungible tokens.
Top performing NFT collections
Between December 26 and 27, Azuki was the best-performing collection with sales of $2 million, an increase of 634%, CoinStats data shows. Over the same holiday period, the floor price for Azuki’s NFT seemingly rose from 11.16 ETH on Dec. 24 to 11.99 ETH.
DeGods is an NFT collection, based on the Solana (SOL) blockchain, which has been gaining traction over the past few days. According to NFT data aggregator CryptoSlam, sales of DeGods have increased by over 400% in the last 24 hours to reach around $1.73 million. DeGods’ current floor price is 518 SOL.
The Otherdeed Collection is another project that is performing relatively well over the current holiday period. Between Dec. 18 and Dec. 25, the floor prices for Otherdeed NFTs spiked from 0.18 ETH to around 1.05 ETH. However, this was only a return to the collection’s previous highs before the recent decline. Thirty days ago, Otherdeed’s floor price was also around 1.05 ETH.
y00t, another Solana-based NFT collection, has also seen significant growth over the past few days, with its sales surging over 544% to $1.157 million. On December 24, sales volume was only around $200,000. The latest 24-hour volume set a one-month high.
READ MORE:
Bored Ape Yacht Club (BAYC) saw a sharp increase in the last 24 hours, totaling more than $3 million in sales – a 283% increase in one day, despite an overall decline last week.
NFTs saw a 40% drop in sales along with a 42% drop in the number of transactions over the past week.
$23.7 billion minted and traded on Ethereum
Yesterday, Nansen, a data analytics network, shared a report stating the total value of NFTs minted on Ethereum through 2022. According to the data, about $23.7 billion worth of NFTs have been traded and minted on the network.
Do you possibly have data on this? (Wash trading in others assets would be interesting too)
Thanks!https://t.co/eaj7ZHKJl0— Anon Account of Linas Kmieliauskas-DESSENTER (@linasantlinijos) December 26, 2022
The traded and minted value peaked at $1.6 billion in May following the release of the Otherdeed and Otherside collections. Nansen’s data and the recent launch of NFT collections show that Ethereum is still the preferred blockchain for NFTs.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
