The NFT market witnessed significant activity over the past 24 hours, with Bored Ape Yacht Club (BAYC) topping the charts in terms of trading volume. A rare Qzuki NFT made headlines and marked the biggest sale on the last day. OpenSea, the leading NFT marketplace, continues to dominate trading volume, further cementing its position as the go-to platform for NFT enthusiasts.
#NFT MARKET OVERVIEW
TOP COLLECTION #BoredApeYachtClub – 24H volume $1.11 million
TOP SELLING… pic.twitter.com/25T2t3DrhV
– PHOENIX – Crypto News & Analysis (@pnxgrp) October 22, 2024
Bored Ape Yacht Club maintained its status as one of the top NFT collections, recording a 24-hour trading volume of $1.11 million. With 33 completed sales, BAYC remains a strong player in the NFT space, attracting both collectors and investors. Despite fluctuations in the broader NFT market, the project’s continued performance indicates its influence and popularity.
According to PHOENIX, other notable collections also saw significant activity. Frogona secured the second spot, generating $554.71K in volume from 2,820 sales, followed by Pudgy Penguins with $425.84K from 17 sales. The Guild of Guardians and Mutant Ape Yacht Club were also among the top collections, demonstrating the diversity of projects that continue to captivate the NFT community.
Qzuki #9176 tops sales at $229.32K
The best individual sale over the past 24 hours was a Qzuki NFT (#9176), which fetched a price of $229,320. This significant transaction highlights the continued demand for rare and coveted NFTs, especially those from premier collections. Other notable sales included multiple CryptoPunks, with CryptoPunk #1663 and CryptoPunk #702 selling for $90.44K and $79.21K respectively. These high-value transactions underscore the continued appeal of historic and established NFT collections.
OpenSea led the competition in market activity, recording a 24-hour trading volume of $3.82 million from 11,380 traders. Blur followed closely behind with volume of $2.25 million, while Magic Eden and Element rounded out the top platforms with volumes of $1.24 million and $696,000 respectively. The consistent performance of these marketplaces highlights their role in facilitating the growing interest in NFTs despite a challenging market environment.
The latest NFT market overview indicates robust activity, especially in established collections such as Bored Ape Yacht Club and CryptoPunks. As demand for rare and unique digital assets continues to rise, individual NFT sales and market volumes are expected to remain strong. With platforms like OpenSea driving trading activity, the NFT market shows no signs of slowing down.
