Major NFT collections see increased demand as sales and trading volume soar across several networks.
As the crypto market rallied after a prolonged crypto winter, the non-fungible tokens (NFT) market also hints at a comeback — the trading volume of several major collections recording significant highs after months of steady decline.
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According to the data from Coingecko, the floor prices of the top 15 NFT collections have significantly soared over the last few days, demonstrating increasing demand.
Most notably, the floor price of the Bored Ape Yacht Club (BAYC) collection has increased over 70% in a month, from $24.8 in the first week of October to $30.90 on Nov. 13. BAYC’s 24-hour trading volume has also risen by 51% today, showcasing increased trading across marketplaces.
In terms of sales volume, CryptoPunks led the way with a 373% increase in weekly sales. BAYC also recorded a 42% increase in sales.
Overall, weekly NFT sales increased by over 60% on Ethereum (ETH) and Solana (SOL) networks. Bitcoin’s BRC-20 collections also saw increased demand, with $SATS and $RATS making notable sales over the week.
