NFT Market Cap Rises to $9,3 Billion
Total Market Capitalization of Collections NFT reached $9,3 billion, which is 40% more than July’s $6,6 billion. The key factor in the growth was the rising price of эфириум, which recently surpassed the $4000 mark and continues to climb.
Since many NFT launched on the network Ethereum, their sales and valuation are carried out in ETH. Accordingly, the growing popularity of the crypto asset leads to an increase in market value and an increase in activity in the field of non-fungible tokens. At the time of writing, the 10 largest NFT-assets by market capitalization were issued on Ethereum.
Cryptopunks maintains its position as the most popular collection NFT by market capitalization. The asset’s minimum price data shows that the collection is worth at least 526,900 ETH (about $2,4 billion).
Over the past seven days, trading volume Cryptopunks amounted to almost 4200 ETH worth $20 million. Over the week, 90 were sold NFT from the collection, averaging $217,331 each.
Bored Ape Yacht Club (BAYC) follows Cryptopunks in the ranking with an estimate of $602 million, in third place is Pudgy Penguins ($591 million). At the same time, BAYC leads in value, and the Pudgy Penguins collection is in first place in terms of trading volume over seven days. According to DefiLlama, over the past week, the trading volume of Pudgy Penguins was $8,7 million, and BAYC — $6,3 million.
In addition to these three collections, the top 10 NFT-collections by market cap include Art Block’s Chromie Squiggle, Autoglyphs, Tyler Hobbs’ Fidenza, Lil Pudgys, Mutant Ape Yacht Club (MAYC), Moonbirds, and Milady Maker.
