Intro

In recent years, the world of digital assets has witnessed a transformative evolution, with NFTs emerging as a groundbreaking and innovative phenomenon.

Among the various blockchain platforms facilitating NFT transactions, the Near chain has captured particular attention due to its unique features and rapidly expanding ecosystem. This analysis delves into the NFT secondary market on the Near chain, providing insights into its growth, trends, and the pivotal role played by various NFT collections.

Using data from Near's newly added LiveQuery feature on nearblocks.io, we explore the monthly trends in NFT transactions from January 2022 to September 2023, shedding light on the vibrant dynamics of this digital marketplace.

From surges in activity to notable collections, this analysis uncovers the captivating narrative of NFTs on the Near chain.

In February 2022, the NFT secondary market on the Near chain experienced a noteworthy surge in activity, recording the highest number of sales transactions for that month. During this period, 49.7k NFTs were sold.

Taking a more comprehensive view of NFT sales from January 2022 to September 2023, we observed a remarkable trend in cumulative NFT sales, which reached an impressive 204.2k over this period.

These results provide valuable insights into the current state of the NFT market on the Near chain and the growing importance of NFTs as a means of exchange and investment.

Since January 2022, the Near chain's NFT secondary market has attracted a total of 26.8k buyers, demonstrating a substantial interest in acquiring NFTs within this timeframe. Simultaneously, there have been 25.1k sellers actively participating in the market, underscoring a robust ecosystem of NFT creators and traders on the Near blockchain.

Examining the peak activity within this period, February 2022 stands out as the month with the highest number of buyers, reaching 8.88k. This surge in buyer activity during February 2022 suggests a notable surge in demand for NFTs within the Near community.

Similarly, the month of February 2022 also witnessed the highest number of sellers, totalling 9.31k individuals.

Since January 1st, the highest number of collections sold within this period occurred in June 2022, with a total of 115 collections changing hands.

Furthermore, the peak in NFT sales occurred in February 2022, with an impressive 49.7k NFTs being transacted.

In sum, the Near NFT ecosystem boasts a total of 202 distinct collections, offering a variety of artistic and digital assets to users. Additionally, the cumulative number of NFTs sold on the Near secondary markets from January 1st, 2022, to the present stands at 204.2k.

In February 2022, the Near chain's NFT secondary market experienced a peak in transaction value, with a total of 616k Near tokens being utilized for buying and selling NFTs. This significant trading volume during February 2022 indicates substantial financial activity within the Near NFT ecosystem.

Looking at the overall financial activity from January 2022 to September 2023, the cumulative Near token amount involved in NFT transactions amounted to 2.3 million Near.

Moreover, the analysis of Near token amounts on a per-NFT basis provides valuable insights into the distribution of transaction values. The highest single NFT purchase or sale recorded within this period amounted to 2.3k Near tokens, reflecting substantial investments in individual NFT assets. In contrast, the median Near token amount per NFT transaction was 4.9 Near, indicating a more typical transaction value within the market. The average Near token amount per NFT transaction stood at 11.5 Near.