Although non-fungible token (NFT) assets have existed since at least 2014, Google Trends data indicates that interest in them started to increase in January 2021.
The search term “NFT” hit its peak score on Google Trends almost a year later.
Google Trends (GT) first recorded the search term “NFT” two years ago, with a score of 1 out of 100 in the first month of 2021.
After another year, there is a sharp decline in interest in NFTs, with the search term scoring 11 out of 100 for the week of January 22–28, 2023.
Metrics show that as January 2023 comes to a close, the top five NFT collections by total sales volume have amassed a combined total of $12.7 billion in sales volume since they first attracted major notice.
Axie Infinity has gathered $4.27 billion in sales volume over the past two years, according to data from dappradar.com, making it the market leader in NFT sales volume.
According to dappradar.com, Axie Infinity’s market capitalization was $1.37 million on January 28, 2023.
According to total sales, the top five NFT collections are Artblocks, Axie Infinity, BAYC, MAYC, and Cryptopunks.
With $3.02 billion in total sales, Cryptopunks comes in second to Axie Infinity in terms of overall volume.
Data shows that in 23,259 sales, 7,503 traders traded Cryptopunks NFTs.
Bored Ape Yacht Club (BAYC), with $2.39 billion in total sales volume, is in second place among the top collections.
Mutant Ape Yacht Club, at $1.66 billion in total sales, is the fourth-largest NFT collection.
A total of $427 million is the market capitalization of Mutant Ape Yacht Club (MAYC), and 30,475 MAYC dealers have reported 47,744 sales.
With $1.36 billion in total global sales, Artblocks ranks as the fifth-largest NFT collection of all time.
The project has had 227,294 sales reported among 54,842 dealers, and its current market capitalization is estimated to be around $143 million.