DUNE data shows that today's NFT market trading volume has surpassed 42.01 million USD, setting the second highest single-day trading volume this year. The floor price of the classic blue-chip Bored Ape Yacht Club (BAYC) has soared nearly 82% in the past 7 days, Apecoin has also risen nearly 52% in the past 30 days, indicating a warming trend in the NFT market.
Has the NFT market, long fallen into a winter, finally warmed up? Charts show that the NFT market trading volume significantly surged on November 30 and December 1 for two consecutive days.
NFT single-day trading volume hits the second highest this year
Following yesterday's total NFT trading volume exceeding 28.8 million USD across all EVM chains, today (1st), the total NFT trading volume further broke through 42.01 million USD, setting the second highest single-day trading volume this year, second only to 53.3 million USD on March 4 this year.
In terms of trading market, the trading volume of the Blur platform accounts for nearly 60%, reaching 25.1 million USD, while the second place OpenSea trading volume also exceeds 10.92 million USD. The classic blue-chip project CryptoPunks contributed 3.62 million USD in trading volume, ranking third.
According to chain analysis, the trading volume on the Ethereum chain exceeded 40.17 million USD, accounting for nearly 96%.
Source: DUNE @hildobby
Significant increases in on-chain sales of Ethereum and Bitcoin NFTs
Additionally, CryptoSlam data also shows a significant rebound in NFT trading activity on Ethereum and Bitcoin chains.
Ethereum's on-chain NFT sales in November surpassed 200 million USD, currently at 2,314,888 USD, setting a new high since May this year, with a monthly increase of nearly 22%. However, both the number of trades and transactions have shown a decline, indicating a recovery in NFT prices.
On-chain NFT sales on Ethereum. Source: CryptoSlam
Bitcoin NFTs have shown a more significant recovery, with over 185 million USD in on-chain NFT sales in November, reaching the highest level since June, with a monthly increase of over 102%.
On-chain NFT sales on Bitcoin. Source: CryptoSlam
The floor price of Bored Apes surged nearly 82% in a week, APE increased strongly by 52% in a month
The recent surge in NFT trading volume may be related to the recovery of the floor prices of classic blue-chip projects and the strong increase in Ethereum's price in November.
Blur data shows that several blue-chip projects have seen significant increases in the past 7 days.
Bored Ape Yacht Club (BAYC): Increased by over 81.49%, floor price: 21.96 ETH (approximately 81,000 USD)
Mutant Ape Yacht Club (MAYC): Increased by over 91.7%, floor price: 3.83 ETH (approximately 14,000 USD)
Pudgy Penguins: Increased by over 27.42%, floor price: 14.59 ETH (approximately 54,000 USD)
In addition, NFT-related concept coins saw significant increases in November. The ecosystem token Apecoin of Bored Ape Yacht Club (BAYC) surged to 1.61 USD last night, currently reported at 1.51 USD, with a nearly 51.8% increase in the past 30 days; Blur broke through 1.41 USD this morning, currently reported at 0.385 USD, with an 81% surge in the past 30 days.
