NFT Sales on the Rise as BAYC Collectible Reclaim Dominance

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Just two weeks ago, Cryptopunks NFTs outperformed BAYC NFTs in terms of NFT floor values. However, over the past two days, Bored Ape floor values have taken control once more.

The floor value of the cheapest BAYC at the time of writing is 68.00 ETH ($82,700), while the floor value of Cryptopunks is 65.94 ETH ($80,200). That said, BAYC’s floor price has maintained its position above the floor price of Cryptopunks in the past two days.

Source: NFTfloorprice

Due to the $568.19 million in digital collectible sales last month, or around 22.37% more than the month before, non-fungible token sales have increased over the past 30 days. Reports show that the number of non-fungible token buyers last month decreased by 12.83%, while the total number of non-fungible token transactions decreased by 27.09% within the same period.

Ethereum-based NFTs accounted for $443.55 million of the $568.19 million in non-fungible token sales. Cryptoslam.io statistics show that sales of Ethereum-based NFTs have increased by 45.99% compared to last month.

NFT Sale Spike Driven by Arbitrum

The highest month-over-month (MoM) growth in non-fungible token sales was driven by the Arbitrum blockchain, where NFT sales increased by 46.83%. Sales of NFTs based on Ethereum and Arbitrum were below Fantom sales, which were up 43.58% from the previous month.

The following blockchains experienced notable month-over-month drops: Cardano NFT sales fell by 54.98%; BNB fell by 49.21%; Polygon NFT sales fell by 66.35%, and Ronin-based NFT sales fell by 54.76%. Compared to the previous month, avalanche-based NFT sales have also decreased by 49.32%.

The non-fungible token collection that generated the highest revenue over the previous month was BAYC, which brought in $64,907,645 over the last 30 days. The Mutant Ape Yacht Club (MAYC) NFTs made $29.14 million, and Art Gobblers made $57.18 million.

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.