Recent data indicates that Ethereum-based NFT collections are dominating the market in sales volume, with nine of the top ten collections in the latest rankings being Ethereum-based, highlighting growing interest in these digital assets.
Top NFT Sales Leaders of the Week
According to CryptoSlam data, the CryptoPunks collection achieved a sales record of $15.5 million last week, representing an 11,736% increase compared to the previous week. Following them are Pudgy Penguins and Bored Ape Yacht Club (BAYC) with sales volumes of $2.69 million and $2.38 million, respectively. The BAYC collection also saw a 1,051% increase in sales, raising the number of buyers and sellers.
Comparison with Alternative Platforms
DappRadar reports that nine of the ten collections are also Ethereum-based. However, unlike CryptoSlam, Pudgy Penguins ranks as the top collection by trading volume on DappRadar, reaching over $20 million, while CryptoPunks recorded $17.6 million. The average selling price of Pudgy Penguins rose to nearly $50,000, while for CryptoPunks it reached $155,000.
NFT Market Capitalization
NFT Floor Price data shows that nine out of the ten top NFTs by market cap are also Ethereum-based. The leading collection is CryptoSlam with a valuation of $1.8 billion, followed by Pudgy Penguins with a market cap of $556 million, and BAYC with nearly $500 million. Overall, the NFT market has surged by 21.2% over the last 24 hours, reaching $6.34 billion.
Thus, the strong dominance of Ethereum-based NFT collections in the current market reflects growing interest from collectors and investors, creating a positive momentum in the NFT space as a whole.
