BAYC Dominates NFT Sales Despite Market Downturn

Despite a recent 19% decline, Bored Ape Yacht Club (BAYC) retained its dominance in NFT sales on Friday, surpassing $1.45 million within 24 hours. NodeMonkes, a Bitcoin-based collection, ranked second with $1.3 million in sales, while Froganas (Solana) experienced a surge of 57.70% to $1.19 million, making its debut in the top 10.

Bored Ape Yacht Club Dominates NFT Sales Despite Market Correction

Amidst a broader cryptocurrency market correction, the Ethereum-based non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) from Yuga Labs emerged triumphant as the top seller in the industry on Friday, September 30th.

According to data from CryptoSlam, BAYC recorded an impressive sales total of US$1.45 million within a 24-hour period ending at 2 p.m. ET. This remarkable performance was achieved despite a 19% dip in overall NFT sales activity, indicating the enduring popularity and resilience of BAYC in the face of market fluctuations.

Trailing closely behind BAYC was NodeMonkes, a Bitcoin-based NFT collection, which secured the second-highest sales total of the day with US$1.3 million. Notably, Solana's Froganas collection witnessed the most significant surge in sales, experiencing a remarkable 57.70% increase to US$1.19 million. This growth propelled Froganas into the top 10 sales for the first time this week.

Another notable gainer was Mythos' DMarket, which registered a 10.44% rise in sales, amassing a total of US$1 million. Its 39,317 transactions, representing a 7.92% increase, led the top 10 collections on Friday.

However, the broader market sentiment was mixed, as some prominent NFT projects experienced significant declines. Pudgy Penguins, another Ethereum-based collection, saw a sharp drop in sales by 65.19% to US$877,237, accompanied by a 66.67% decrease in transactions.

CryptoPunks, a heavyweight in the Ethereum ecosystem, also faced a dramatic sales decline of 95.75% to US$720,652.58, although its transaction count remained relatively stable. This drop contributed to CryptoPunks' relegation to eighth place, after a brief reign at the top of the leaderboard following the sale of CryptoPunk #7804 for US$16.38 million on Wednesday.

Despite the recent market correction, the broader NFT landscape remains bullish. Ronin's Axie Infinity maintains its dominance as the all-time sales leader with a staggering US$4.26 billion in total sales, followed by BAYC with US$3.10 billion and CryptoPunks with US$2.78 billion.

The continued success of BAYC and other top NFT collections highlights the enduring popularity and potential of digital collectibles. As the NFT market matures and evolves, it will be fascinating to observe how these projects continue to shape the future of digital art and ownership.