Ethereum NFT volume approaches yearly high, following gas price surge

Non-fungible token (NFT) trading volumes on the Ethereum network have reached their highest levels in almost a year.

NFT trading volumes have been at their highest weekly level since Feb. 26, 2023, according to the latest data from CryptoSlam.

Ethereum NFT volume approaches yearly high, following gas price surge

Non-fungible token (NFT) trading volumes on the Ethereum network have reached their highest levels in almost a year.

NFT trading volumes have been at their highest weekly level since Feb. 26, 2023, according to the latest data from CryptoSlam.

The increase in Ethereum NFT volume comes as the current No. 3 NFT collection by market cap, Pudgy Penguins, approaches the market cap of its competitor, Yuga Labs’ Bored Ape Yacht Club (BAYC) collection. Yuga Labs also owns Cyberpunks, the #1 lowest-priced collection.