As a researcher with years of experience in the dynamic world of cryptocurrencies and non-fungible tokens (NFTs), I find myself both amazed and intrigued by the recent surge in NFT sales. The past month has been nothing short of spectacular, with daily sales hitting levels not seen since April, a testament to the resilience and growth of this sector.
Over the last month, there’s been a significant surge in daily transactions involving non-interchangeable digital assets, coinciding with the general cryptocurrency market’s upward trend.
NFT transactions surged by nearly 28% within the last day, reaching a total of around $40.4 million, as per information from CryptoSlam. This represents the highest trading volume the sector has experienced in more than seven months, with similar levels last observed in late April.
According to CryptoSlam’s latest data, Ethereum (ETH) is currently dominating the market with approximately $26.4 million worth of daily transactions. Bitcoin (BTC) and Solana (SOL) trail closely behind, recording trading volumes of about $6.3 million and $2.5 million respectively.
Additionally, we’ve seen a 7% rise in the total count of individuals purchasing NFTs, reaching approximately 41,000. Meanwhile, around 30,000 unique seller addresses have been consistently active.
Regardless of dropping by 4%, CryptoPunks, a sought-after digital collection, continues to dominate with approximately $5.6 million in daily transactions. On the other hand, the Bored Ape Yacht Club items experienced an upward trend, boosting their 24-hour sales volume by 15% to reach around $3.2 million.
Based on figures from CoinGecko, the minimum prices for the three most valuable NFT collections – CryptoPunks, BAYC (Bored Ape Yacht Club), and Pudgy Penguins – have risen to approximately $162,000, $85,900, and $54,500 respectively.
According to data gathered by a price tracker, the total value of CryptoPunks exceeded $1.6 billion, whereas the value of Ethereum decreased by 0.4%, settling at approximately $3,680.
8-bit Zombie #0388, an NFT on the Cardano platform, marked the most costly sale of its kind yesterday. This digital collectible was purchased for more than $388,000 in late Sunday trading.
In the last day, a grand total of $594,000 worth of transactions were recorded on the Cardano network, involving 266 different buyers and 28 distinct sellers.
Last week, the total NFT sales volume reached $146.5 million, crypto.news reported Sunday.
As an analyst, I’ve noticed a significant increase in NFT sales, coinciding with a remarkable upturn in the cryptocurrency market following the U.S. elections and Donald Trump’s victory over Kamala Harris. According to data from CoinGecko, the total value of the global crypto market peaked at an unprecedented $3.628 trillion just today.
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2024-12-02 11:18