Ethereum NFTs Dominate Gross sales, Buying and selling Quantity, and Market Cap as ETH Nears $4K
Ethereum-based non-fungible tokens (NFT) collections took over the newest seven-day gross sales rankings, accounting for 9 out of the highest ten collections by complete gross sales volumes.
On Monday, CryptoSlam information confirmed 9 of final week’s high 10 collections by gross sales quantity have been Ethereum-based NFTs, together with fashionable collections CryptoPunks, Pudgy Penguins, Moonbirds and Azuki.
The one non-Ethereum assortment within the high 10 was the Polygon-based Courtyard NFTs.
The surge in ETH-based NFT gross sales got here as Ether (ETH) approached $4,000 mark. On Monday, ETH costs surged previous $3,800, up practically 27% from $3,000 on July 14. On the time of writing, ETH traded at $3,815.13, in accordance with CoinGecko.
Ethereum-based collections dominate NFT charts
CryptoSlam information exhibits that CryptoPunks led the week with a $15.5 million weekly gross sales document, a 11,736% soar in comparison with the earlier week. This makes it the top-performing assortment by a large margin.
Pudgy Penguins and Bored Ape Yacht Membership collections recorded $2.69 million and $2.38 million, respectively, claiming the second and third spots within the record. BAYC noticed a 1,051% improve in gross sales and a pointy rise in consumers and sellers.
In the meantime, DappRadar information tells a barely totally different story. Whereas 9 out of the ten collections at DappRadar are additionally Ethereum-based, the primary assortment at DappRadar is Pudgy Penguins.
DappRadar exhibits that Pudgy Penguins have a buying and selling quantity of over $20 million, whereas CryptoPunks solely recorded $17.6 million.
In accordance with the NFT information aggregator, the common gross sales value of Pudgy Penguin NFTs climbed to just about $50,000, up 52% in comparison with final week. In the meantime, CryptoPunks’ common gross sales rose to $155,000, a 21% improve.
CryptoSlam measures gross sales volumes, which depend an NFT’s main (minting) and secondary gross sales, whereas DappRadar measures the buying and selling volumes, which embrace all transaction information from decentralized functions (DApps).
Associated: Memecoin $79B rally means capital has nowhere higher to go: Exec
Ethereum-based NFTs dominate by market capitalization
NFT Ground Worth, which tracks the valuations of NFT collections, exhibits that 9 out of the highest 10 NFTs by market cap are Ethereum-based. The one outlier within the high 10 is the Solana-based NFT assortment Mad Lads.
The information exhibits that CryptoSlam leads the pack with a $1.8 billion valuation, whereas Pudgy Penguins follows in second place with a $556 million market cap. Third place went to BAYC, which has a valuation of practically $500 million.
Aside from Ethereum NFTs dominating the highest ten charts, the broader NFT market can be rising. The NFT market jumped to $6.34 billion within the final 24 hours, up 21.2%.
Journal: TradFi is constructing Ethereum L2s to tokenize trillions in RWAs — Inside story
