ETH: NFT Market Volume

Included with Plus.

The dollar value of NFT sales on Ethereum's main marketplaces each day.

Why use it. NFT volume is one of the clearest gauges of retail risk appetite on Ethereum. It tends to run hot late in a rally and dry up fast. How to read it. Spikes are often one collection or one mint. Compare with the filtered volume, because reward farming can inflate the headline.

Calculation. Covers sales settled on Seaport (the contract OpenSea and several other marketplaces run on), Blur's exchanges, LooksRare and the CryptoPunks contract, read from their own events on CryptoKeyhole's Ethereum archive node. Sales routed through aggregators settle on these contracts and count once. Sales paid in anything other than ETH, WETH, Blur's pool, USDC, USDT or DAI are left out, and so are CryptoPunks bids accepted, whose event logs no price. History is read newest first and reaches back to January 2022 at the earliest: before that most sales ran through a contract whose events do not say what was sold. Prices in dollars convert to ether at the day's close of CryptoKeyhole's ETH/USD index, and the other way round. The open day is a labelled partial.