The NFT market witnessed remarkable activity over the past twenty-four hours. According to Phoenix Group, the prominent NFT marketplaces and collections drove significant trading volumes, with Pudgy Penguins in the lead, while CryptoPunk #1522 led individual sales. The on-chain analytics provider shared the latest data on the overall NFT market on social media.
#NFT MARKET OVERVIEW
TOP COLLECTION #PudgyPenguins – 24H volume $2.62 million
TOP… pic.twitter.com/sP7BgdA2js
– PHOENIX – Crypto News & Analysis (@pnxgrp) November 19, 2024
Pudgy Penguins dominates the NFT sector in terms of 24-hour trading volume
In market volume, Pudgy Penguins led the market, with $2.62 million in sales across 75 sales in the last 24 hours. The collection continues to captivate the market with its attractive artworks and growing ecosystem. Bored Ape Yacht Club emerged as another player that witnessed a massive trading volume of $1.05 million across twenty-five sales. Additionally, Azuki generated $1 million from seventy sales. Meanwhile, exclusive collections such as Milady Maker recorded $903.9K, while Guild of Guardians recorded $625.8K, showing resilient activity.
CryptoPunk #1522 changes hands for $140.76K and secures first place in NFT sales
CryptoPunks retained the top position in the NFT sector as CryptoPunk #1522 sold for a whopping $140,760 in 24 hours. CryptoPunk #7502 at $120,360 and CryptoPunk #189 at $119,780 are the other high-end Punk sales. The increasing appeal of CryptoPunks underlines their top position as large-chip non-fungible tokens.
Blurring at the top of NFT Marketplace volumes over the past 24 hours
In the case of marketplaces, Blur dominated the market with $7.12 million in twenty-four hour trading volume. No fewer than 1,590 traders contributed to this achievement. OpenSea followed closely, recording $6.78 million from nearly 10,600 traders. Another notable name in this regard is the OKX NFT marketplace. It saw volume of $4.16 million from nearly 2,920 traders. Tensor ($1.18 million) and UniSat ($943K) also played important roles.
The current dominance of CryptoPunks and Pudgy Penguins marks the division in the entire NFT market. Both the top collections and the exclusive newcomers continue to show progress. High-value sales like CryptoPunk #1522 underscore the demand for prominent, non-fungible tokens. On the other hand, rising activity at companies like OpenSea and Blur indicates continued market activity.
The latest surge in the NFT market underlines the expansion of enthusiasts, investors and collectors
Blur, with a cumulative market volume of $7.12 million, expresses the potential to add merchants, indicating a changing dynamic in the NFT sector. According to Phoenix Group, taking into account the above statistics, the NFT market is showing an expansion in the number of enthusiasts, investors and collectors.
