According to data released by The Block Pro, the market capitalization of blue-chip non-fungible tokens (NFTs) exceeded $3 billion in January, representing a 5.7% increase from the previous month.
Additionally, the trading volume of high-tier or 'blue-chip' NFTs climbed significant heights, with total trading volume hiked to around $543 million. Leading the pack in secondary market trading volume was Azuki, which generated approximately $144 million.
In tandem with these trends, the royalties garnered from blue-chip NFT transactions experienced a substantial boom in January. Royalties surged from $1.9 million in December to $2.5 million, marking an impressive increase that further underscores the growing influence and profitability of the NFT market.