NFTGo NFT annual report: NFT cleaning transactions accounted for 35% of the total transaction volume last year

On February 15, according to the 2023 NFT annual report released by NFTGo.io, BAYC had the largest trading volume of 639000 ETHs in the blue-chip projects that dominated the NFT market in 2022, accounting for 7% of the total trading volume. Otherdeeds and MAYC, both belonging to Yuga Labs, ranked second and third, accounting for 5.47% and 5.07% respectively.

Interpretation of this information:

The NFT market has been gaining traction in recent years, thanks to the increasing popularity of digital assets and the growing interest of investors and collectors. The 2023 NFT annual report released by NFTGo.io has shed light on some of the most dominant projects in the market, revealing that Bored Ape Yacht Club (BAYC) had the highest trading volume in 2022.

BAYC is a collection of 10,000 unique digital apes, each with different traits and characteristics. The collection has captured the attention of many investors and collectors, leading to a surge in demand and trading activity. According to the report, BAYC accounted for 7% of the total trading volume in 2022, with a whopping 639,000 ETHs exchanged.

Otherdeeds and Mutant Ape Yacht Club (MAYC), both belonging to Yuga Labs, secured the second and third spots on the list, with 5.47% and 5.07% of the trading volume respectively. Otherdeeds is a collection of 10,000 randomly generated characters, while MAYC is a collection of 20,000 mutant apes with unique abilities and features.

The report highlights the dominance of blue-chip NFT projects in the market, with BAYC, Otherdeeds, and MAYC leading the way. These collections have established themselves as popular and valuable assets, attracting significant interest from investors and collectors.

The report also indicates the growing maturity of the NFT market, as evidenced by the increasing trading volume and the emergence of dominant projects. This bodes well for the future of the market, as it suggests that NFTs are becoming more widely accepted and valued.

In summary, the 2023 NFT annual report by NFTGo.io reveals that Bored Ape Yacht Club (BAYC) had the largest trading volume among blue-chip NFT projects in 2022, accounting for 7% of the total volume. Otherdeeds and Mutant Ape Yacht Club (MAYC) ranked second and third, with 5.47% and 5.07% respectively. The report highlights the dominance of blue-chip projects in the NFT market and suggests a growing maturity and acceptance of NFTs as valuable assets.