In the past 24 hours, as the cryptocurrency market plummeted, the floor price of many top NFTs also fell, and NFT trading volume surged.
A long list of top NFT projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Crypto Punks, and Sorare all saw 24-hour volume increases of over 100% as investment Investors hope to snap up cheaper NFTs.
According to CryptoSlam, 8 of the 10 NFT projects with the highest 24-hour sales have seen their trading volume increase by at least 115%, with only Goblintown (35.54%) and Moonbirds (64.11%) lower than this figure.
Yuga Labs’ BAYC NFT has the highest trading volume, with volume surging 262.79% to $7.1 million in the past 24 hours.
It’s worth noting that the following three highest-ranked projects also belong to Yuga Labs, where MAYC, Otherdeed, and CryptoPunks saw 24-hour trading volume surges of 173.49%, 157.88%, and 122.69%, representing $3.4 million, $2.6 million, and $2.5 million, respectively. million dollars in trading volume.
24-hour transaction volume: CryptoSlam
Data from DappRadar also shows that the OpenSea marketplace was the biggest beneficiary of the increase in transaction volume over the past 24 hours, with the platform seeing a 173.43% increase in transaction volume to a total of $23.88 million.
However, the number of traders on the platform also decreased by 15.39% to 29,300 during the same time period, suggesting that only a handful of relatively deep-pocketed investors are taking action.
It's also worth noting that investors are still snapping up above-floor prices even though the floor prices for projects like BAYC and CryptoPunks have fallen from all-time highs of 153.70 ETH and 123 ETH to 82.5 ETH ($96,700) and 47 ETH ($54,800). asset.
Over the past 24 hours, CryptoPunks #8620 and #5690 sold for 275 ETH (current price $327,000), while BAYC NFTs #393 and #3441 sold for 118 ETH ($140,000) and 105 ETH ($120,000) 4 thousand dollars).
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