SNEAK PEEK
- Azuki NFT dominates Tuesday’s trading charts with an astounding $1.13 million in daily sales.
- Bored Ape Yacht Club (BAYC) and CryptoPunks showcase impressive performances, each securing just over $500,000 in sales.
- Despite a slight dip in Ethereum-based NFT sales, the overall market exhibits an upward trend, presenting opportunities for investors and collectors.
Azuki NFT, powered by Ethereum, dominated the NFT market on Tuesday, clinching an impressive $1.13 million in daily sales. This surge propelled Azuki’s total sales volume to a staggering $1.12 billion, solidifying its position as the eighth-largest NFT collection in the market.
According to CryptoSlam data, Azuki stood out as the sole NFT to breach the $1 million mark in daily sales, as overall sales dipped to $2 million for the first time since April 12th. Following Azuki, DMarket, renowned for its provision of in-game assets on the Mythos network, secured the second-highest sales, totaling $887,880. Additionally, the Avalanche-based Dokyo collection claimed the third spot, generating $716,860 from 948 transactions.
Notably, established collections such as Bored Ape Yacht Club (BAYC) and CryptoPunks showcased commendable performances, each raking in slightly over $500,000 in sales. Yuga Labs’ recent restructuring announcement sparked a surge in BAYC’s market performance, witnessing an 80% spike in trading volume to 1,300 ETH ($4.2 million) on Tuesday.
Similarly, BAYC NFTs observed a significant uptick in sales, soaring by over 52% to 96 units, with the estimated market cap swelling to 147,139 ETH ($466 million), constituting approximately 11% of the total NFT market capitalization of $4.23 billion.
Moreover, the Bitcoin-based $WZRD BRC-20 NFTs wrapped up a remarkably successful month, tallying April sales at a remarkable $36 million. Despite the introduction of new Bitcoin-based projects like Runes on the network’s halving day, total monthly sales in April slightly dipped to $598 million, down from March’s $622 million.
Similarly, Ethereum-based NFTs experienced a downturn in performance, recording sales of $241.5 million in April, marking the lowest monthly sales since last October. However, recent trends indicate an upward trajectory in the NFT market, prompting various blockchains and projects to witness substantial rallies in value and sales.
At the time of writing, Ethereum leads in sales volume over the last intraday trading session, hitting approximately $8.5 million. This resurgence underscores the evolving landscape of the NFT market, presenting both challenges and opportunities for investors and collectors alike.
