- Ethereum in the Spotlight of the NFT Market
- Bored Ape Leads in Daily NFT Sales Volume
- Pudgy Penguins Pumps 105% In Daily NFT Sales Volume
Ethereum, a decentralized blockchain network renowned for powering the majority of blue-chip non-fungible token collections, is once again the star of the NFT market. Ethereum began shining in the NFT market earlier this week after most blue-chip NFTs spearheaded by the famous Bored Ape Yacht Club retested a short-market bull run.
Ethereum in the Spotlight of the NFT Market
Data compiled by CryptoSlam.io, an on-chain crypto market data analytics firm and a renowned non-fungible token explorer, shows that the Ethereum-based non-fungible token collections have significantly surged this week. In the past 24 hours, the Ethereum-based NFT collection has attracted a trading sales volume of $6.8 million, up 54% from the past day.
Bored Ape Leads in Daily NFT Sales Volume
Bored Ape Yacht Club, a non-fungible token collection from the digital asset incubation studio Yuga Labs that features a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is the new NFT market leader. Bored Ape broke its recent resistance barrier earlier this week and quickly jumped over 100% in trading sales volume. Base on data from CoinGecko.com, another crypto market data aggregator and a non-fungible token floor price explorer, indicates that Bored Ape’s floor price jumped from 9.8 ETH on August 14, 2024, and shoot to 12.69 ETH on August 15, 2024. In the past 24 hours, the Bored Ape Yacht Club NFT collection has led the global NFT market chart with a trading sales volume of $1.4 million. During this time, Bored Ape NFT trading sales volume has surged 106% from the past day. Today is the third day the Bored Ape Yacht Club is dominating the NFT market chart.
Pudgy Penguins Pumps 105% In Daily NFT Sales Volume
Pudgy Penguins, another blue-chip non-fungible token collection from the digital asset firm Igloo Inc. featuring a limited supply of 8,888 NFT hosted on the Ethereum blockchain network, has also seen a significant surge this week. In the past 24 hours, the Pudgy Penguins NFT has recorded a trading sales volume of $940,841, up 105% from the past day. Pudgy Penguins NFT floor price has also climbed from 8.2 ETH on August 12, 2024, to 9.6 ETH on August 15, 2024.
Ethereum has reaffirmed its role as a leader in the NFT market, driven by significant growth in collections such as Bored Ape Yacht Club and Pudgy Penguins. The continued rise signals high activity in the market and the strengthening position of Ethereum.
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