The NFT market keeps pushing hard despite the recent general market downturn. While the price of Ethereum’s native token ETH may be struggling, some NFTs are flying high in the market following the successful “merge”!
Bored Ape Yacht Club, RENGA by DirtyRobot and Gods Unchained recorded weekly trading volumes of $6.6m, $6.1m and $4.9m respectively. The biggest gainer among them was Gods Unchained, which saw its trading volume rise by 391% compared to the week before. In the past 24 hours, both Bored Ape Yacht Club and Mutant Ape Yacht Club experienced a rise in sales, with over $$1.9M and $1.5M in sales respectively.
Despite some NFT collections seeing a surge in popularity, OpenSea’s overall volume was down 22.4% for the past 7 days compared to the prior 7 days, coming in at $80.9m. Magic Eden, the second-ranked NFT marketplace was able to generate a volume of $27.2m within the same period.