NFTs have unlocked a new paradigm in which digital collectibles, art, and even virtual real estate have tangible value. As September 2023 draws to a close, we’re taking a closer look at the NFT collections that have had the biggest impact on the market, based on trading volume. Here is our list of the top 5 NFT collections traded by volume in September 2023.
NFT History: Know Your Facts
NFTs represent unique digital assets that have been authenticated using blockchain technology. Unlike cryptocurrencies like Bitcoin or Ethereum, where each token is identical (or fungible), each NFT has a distinct value and specific information that makes it unique. This uniqueness, backed by the secure and immutable nature of blockchain, has opened doors for artists, musicians and creators from various fields.
Why volume matters for NFTs?
Trading volume provides insight into an asset’s popularity and liquidity. Higher trading volumes often indicate greater interest and may indicate acceptance of the asset within the community. For NFT collections, volume can provide a snapshot of the collection’s current relevance in the ever-evolving NFT market.
Top 5 NFT Collections by Volume Traded in September 2023
#1 Mutant Ape hunting club
- Traded volume (7 days): $9.26 million
- Volume change: -1.39%
- The Mutant Ape Yacht Club is in first place and has shown resilience, with a slight dip. These unique mutant monkeys continue to capture the imagination of NFT enthusiasts.
#2 Bored Ape Yacht Club
- Traded volume (7 days): $7.46 million
- Volume change: -24.34%
- An elite counterpart to the Mutant Ape collection, the Bored Ape Yacht Club, despite a notable decline, remains a force to be reckoned with in the NFT space.
#3 Gods unleashed
- Traded volume (7 days): $4.36 million
- Volume change: -14.74%
- Combining the allure of collectible cards with the power of NFTs, Gods Unchained continues to have a strong presence. The collection’s unique gameplay elements and detailed artistry keep it relevant.
#4 TheGods
- Traded volume (7 days): $4.35 million
- Volume change: +29.88%
- A notable climber, DeGods has shown impressive growth. The intrigue surrounding this collection is clearly visible, making it a must-watch in the coming months.
#5 Milady Maker
- Traded volume (7 days): $3.24 million
- Volume change: +53.33%
- One of the standout artists, Milady Maker, has seen an increase in volume. The collection’s unique aesthetic and exclusivity have struck a chord with NFT enthusiasts.