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.
