NFTs in 2022
NFT project with the highest volume of trades in 2022? Which NFT project had the largest mint by dollar? Which NFT project decreased the most in value this year? Which NFT project gained the most value this year? What was the price of the highest-selling individual NFT? Which NFTs had the longest hold time this year? Which NFT project had the least amount of NFTs listed for sale on an exchange? Which project had the most NFTs listed for sale on an exchange?

Introduction
What is a fungible vs non-fungible asset?
The concept of fungibility refers to the ability for an asset to be exchanged equivalently with another asset of like kind. A practical example of a fungible asset is the US Dollar, where you can trade one dollar for another knowing the value is exactly the same regardless of which dollar you have. In contrast to fungible assets, non-fungible assets are valued differently based on their unique attributes and scarcity. One such example of this is baseball cards, where each individual baseball card is assigned a unique value depending on its attributes such as edition number, design, player, and rarity. Baseball cards are not fungible because every baseball card is valued differently and thus cannot be exchanged directly for any other baseball card.
What are non-fungible tokens?
Non-fungible tokens, often referred to as NFTs, are blockchain-based tokens that each represent a unique asset like a piece of art, digital content, or media. An NFT can be thought of as an irrevocable digital certificate of ownership and authenticity for a given asset, whether digital or physical.
What are the key characteristics of a non-fungible token?
Non-fungible tokens (NFTs) are designed to be i) cryptographically verifiable, ii) unique or scarce and iii) easily transferable.
Leveraging cryptographic signatures native to the blockchain on which an NFT is issued, one can easily determine the origin and the current owner of the asset in question in seconds.
Methodology
In this dashboard, the NFT market on the Ethereum 2022 network is examined. In terms of transactions, mint, NFT sales and trading volumes, there will be reviews. For analysis, we set the time period from January 1 to the last day of December.
Two tables Ethereum > Core > Mints and Sales will be used to answer the questions.
Total and time charts, top 10s for users, NFTs and projects are reviewed. We will discuss the results.
I’ll try to answer the following questions:
- NFT project with the highest volume of trades in 2022?
- Which NFT project had the largest mint by dollar?
- Which NFT project decreased the most in value this year?
- Which NFT project gained the most value this year?
- What was the price of the highest-selling individual NFT?
- Which NFTs had the longest hold time this year?
- Which NFT project had the least amount of NFTs listed for sale on an exchange?
- Which project had the most NFTs listed for sale on an exchange?
NFT Sales
NFT Mints
Observation III
The weekly chart shows that the highest number of sales in a week is on January 24, 2022, which is equal to 544k. Also, its trend is downward from the beginning to the end of the year and reaches from above 500,000 to below 300,000 at the end of the year. The highest number of sales is for the month of January, which is equal to 2.30 million.
The number of weekly buyers has been decreasing since the beginning of the year and has reached from above 150K to below 100K. Also, the highest number of buyers is related to January and is equal to 445.7 thousand, and the lowest amount is related to the month of November, which is equal to 192 thousand.
Observation IV
Top 3 buyers with the most of sales volume
Buyer | Total Number of Sales | Total Volume of NFT Sales | |
---|---|---|---|
:1st_place_medal: | 0xa53496b67eec749ac41b4666d63228a0fb0409cf | 1852 | 2401746669.46 |
:2nd_place_medal: | 0xd73e0def01246b650d8a367a4b209be59c8be8ab | 1848 | 2393696643.7 |
:3rd_place_medal: | 0x718a085f6d45a955395881bceff30ec97ffb1013 | 627 | 1008550411.61 |
Top 3 tokens with the most of sales volume
Token | Total Number of Sales | Total Volume of NFT Sales | |
---|---|---|---|
:1st_place_medal: | 9559 | 2086 | 1754210923.02 |
:2nd_place_medal: | 5283 | 3164 | 1705977891.56446 |
:3rd_place_medal: | 9728 | 1941 | 1558384047.22 |
Top 3 projects with the most of sales volume
Project | Total Number of Sales | Total Volume of NFT Sales | |
---|---|---|---|
:1st_place_medal: | 0x4e1f41613c9084fdb9e34e11fae9412427480e56 | 19446 | 12198863728.5506 |
:2nd_place_medal: | 0x7bd29408f11d2bfc23c34f18275bbf23bb716bc7 | 22471 | 9620317308.77207 |
:3rd_place_medal: | 0xce25e60a89f200b1fa40f6c313047ffe386992c3 | 4290 | 2682116866.75466 |
Observation I
The total number of NFT mints is equal to 28.4 million, as it is clear from the chart, the highest number of mints occurs between 12 and 19 September 2022, which is equal to 1.02 million, and then from May 30 to 6 June is in second place with a volume of 0.97 million. Also, the weekly chart shows that the number of mints is increasing until the middle of September, and then it has a downward trend until the end of the year. Also, the monthly chart shows us that the most mints took place from May to September. The highest number of mints is related to the month of September, which is equal to 3.4 million.
The total number of minters is equal to 3.63 million, which has the highest number on September 12-19, 2022, which is equal to 367,182k.
Also, the monthly chart shows that September has the highest number of minters with 779k.
The total number of minted NFTs is equal to 3.67 million. The highest number of NFTs minted occurs in September, which is equal to 1.11 million. From April to May, the number increases and after September, the trend is decreasing.
The total volume of minted NFTs is 15.3 billion. With the beginning of 2022, the volume trend will start in the first week of June with nearly 600 million and will decrease to S. At the end of July 30-20, the volume reaches 883 million, then it goes through a downward trend. January has the largest volume with 2.29 billion, followed by June with 2.06 billion.
The average volume minted in 2022 is equal to 197 USD. January has the highest average with an average of 474.
Observation II
Top 3 projects with the most volume of mints
Project | Total Number of Mints | Total Minted Volume | |
---|---|---|---|
:1st_place_medal: | 0xc36442b4a4522e871399cd717abdd847ab11fe88 | 129409 | 11529197839.26 |
:2nd_place_medal: | 0x58a3c68e2d3aaf316239c003779f71acb870ee47 | 80 | 190506727.53 |
:3rd_place_medal: | 0x32973908faee0bf825a343000fe412ebe56f802a | 7165 | 75916685.99 |
Top 3 minters with the most volume of mints
Minter | Total Number of Mints | Total Minted Volume | |
---|---|---|---|
:1st_place_medal: | 0x1eab3b222a5b57474e0c237e7e1c4312c1066855 | 292 | 1335303752.05 |
:2nd_place_medal: | 0xecaa8f3636270ee917c5b08d6324722c2c4951c7 | 27 | 1009669361.56 |
:3rd_place_medal: | 0xd730cd62cda9cfdc109be2d819b0337fafdca959 | 248 | 728748076.22 |
Top 3 Tokens with the most minted volume
Token | Total Number of Mints | Total Minted Volume | |
---|---|---|---|
:1st_place_medal: | 179583 | 1 | 73857197.75 |
:2nd_place_medal: | 180044 | 2 | 72119555.55 |
:3rd_place_medal: | 180056 | 2 | 66447549.52 |
The number of weekly sellers has also decreased and has dropped below 100k since the beginning of the year, which was 140k. The month of February has the highest number of sellers, which is equal to 309k.
The number of tokens is the highest in January, February and May and is above 160k.
The total volume of sales reached its highest value at the beginning of the year and its trend decreased until the end of the year. January has the highest volume of sales, which is equal to 16.5 billion, and the lowest is related to November, which is equal to 637 million.
Cumulative graph of the number of sales increases almost linearly. The cumulative graph of the sales volume increases in the form of a parabolic curve, and at the beginning, the speed of the increase is high, which is related to the early months.
Observation V
The sales volume for the looksrare platform is the highest, which is 27.49 billion.
After that, opensea and x2y2 are located, whose volume is equal to 19.95 billion and 4 billion, respectively.
The number of sales is the highest in opensea and is equal to 17.76 million.
After that, there is x2y2 that number of sales is equal to 944k.
The monthly chart shows that in the first 5 months of the year, the highest amount of sales is related to the two platforms, opensea and looksrare.
From June, looksrare gives its place to x2y2 and this process continues until October.
In December 2022, blur has the highest amount of volume.
Observation VI
Volume | Number of Projects | % |
---|---|---|
BETWEEN $100 and $1000 | 10581 | 26.7 |
BETWEEN $1K and $10K | 9477 | 23.9 |
Less Than $100 | 8900 | 22.5 |
BETWEEN $10K and $100K | 5867 | 14.8 |
BETWEEN $100K and $1M | 3175 | 8.02 |
More Than $1M | 1588 | 4.01 |
NFT Holders
Average Holding Time is 15.85 days for holders.
Metabad Donuts has the longest holding time and it’s equal to 360 days.
Portals is second one and it’s average holding time is 348days.
Doodleddoge is third one and it’s average holding time is 346 days.