SNEAK PEEK
BAYC surged to $1.33M in sales on July 31 due to Ape Finance’s new contract.
Ethereum saw a notable sales increase, reaching $15.65M on the same day.
The NFT market overall dropped in July, while Ethereum’s sales grew.
The Bored Ape Yacht Club (BAYC) collection emerged as the leader in daily NFT sales on July 31, achieving a notable $1.33 million in sales, as reported by CryptoSlam. This marks a significant recovery for the collection, which had struggled throughout July, failing to surpass $1 million in daily sales until the last day of the month.
The recent boost in BAYC sales has been attributed to Ape Finance, a project that introduced a new contract allowing traders to lock their BAYC NFTs in exchange for 100 million $BAYC fungible memecoins.
These tokens can be burned to reclaim the NFTs. Early investors capitalizing on this opportunity have reportedly earned substantial profits, with one individual claiming a $150,000 gain in just one minute.
1分钟收获15万u，还是蛮激动的，刚刚链上突然出来一个叫BAYC的币，部署者是“Ape Finance:… pic.twitter.com/Dqp3PCDkcH
— 0xSun (@0xSunNFT) July 31, 2024
On July 31, the second-highest sales were recorded by the “n0 0rdinary kind” collection on Bitcoin, which generated $1.02 million. This collection saw significant activity, with 6,601 unique buyers and 1,712 sellers on its debut day.
Closely following suit was the Solana-based project, DogeZuki Collection, with a sale volume of $613,148. Thus, despite increasing from the previous trading day amount of $495,472, it failed to overcome the leaders.
The Guild of Guardians Heroes on Immutable secured the fourth position with $420,610 in sales, while Bitcoin Puppets rounded out the top five with $385,857.
The Ethereum blockchain, home to the Bored Ape Yacht Club, reported a substantial $15.65 million in sales on July 31. This figure represents a significant increase from the $3.93 million recorded the day before. Ethereum’s performance contributes to its all-time sales volume, which now stands at $43.91 billion, reinforcing its dominant position in the NFT market.
For the entire NFT market, the sales decreased in July, with the accumulated sales revenue of $430. 44 million, from $438. 67 million in June. Nonetheless, Ethereum proved to be the exception of the general downturn by ending up with $142. consumed $139 million of goods in June and for July it is estimated to be $32 million. 53 million.
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