NFT Market Bounces Back Strongly After a Short Bull Breather, Ethereum-Based NFTs Skyrocket

The non-fungible token market has bounced back strongly after taking a short bull breather last week. The NFT market, led by Ethereum-based NFTs, has seen its daily trading sales volume and floor price skyrocket.

The non-fungible token market has begun to rally again after a short bull breather last week. The NFT market, led by Ethereum-based NFTs, has seen its daily trading sales volume and floor price skyrocket, with optimistic industry analysts anticipating another phase of growth. The NFT market retested a strong bull run earlier this crypto-friendly Trump was re-elected president of the United States.

Daily NFT Sales Volume Jumps 15%

Data compiled by cryptoslam.io, an on-chain crypto market aggregator and non-fungible token explorer backed by Billionaire Mark Cuban, shows that the NFT market has started skyrocketing again. In the past 24 hours, the NFT market has recorded a trading sales volume of $21.8 million. During this period, the NFT sales volume has jumped 15.55% from the previous day, suggesting that NFTs are preparing for another stronger bull run.

Ethereum, the blockchain network renowned in the NFT market for powering most blue-chip NFTs, is spearheading the current market bull run. In the past 24 hours, the Ethereum-based NFTs have recorded a trading sales volume of $9 million. During this period, Ethereum-based NFT trading sales volume surged by 156% from the previous day. Ethereum is the leading NFT blockchain network in the global NFT market.

Bitcoin, the blockchain network renowned in the NFT market for hosting the famous BRC-20, Runes and Ordinal collections, is the second leading NFT blockchain in the NFT market. In the past 24 hours, the Bitcoin-based NFTs have amassed a trading sales volume of $5.4 million. Bitcoin NFT sales volume has plunged by 45%, following the footprints of the flagship crypto Bitcoin, which is still down from its recent all-time high.

Solana, an open-source blockchain network that supports various smart contracts, including non-fungible tokens and decentralized applications, is today’s third most-traded blockchain network in the NFT market. In the past 24 hours, the Solana-based NFT collections have amassed a trading sales volume of $3 million. During this time, the Solana NFT trading sales have surged by 26% from the past day.

Top Selling Ethereum NFTs Today, November 28

Bored Ape Yacht Club, a non-fungible token collection from the digital asset firm Yuga Labs featuring a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, is the most traded NFT Collection in the Ethereum NFT market. In the past 24 hours, the Bored Ape Yacht Club has recorded a trading sales volume of $1.7 million, up 187% from the past day.

Pudgy Penguins, a non-fungible token collection from the digital asset incubation studio Igloo that features a limited edition of 8,888 cartoon penguins hosted on the Ethereum blockchain network, is today’s second most-selling NFT collection in the NFT market ecosystem. In the past 24 hours, the Pudgy Penguins NFT collection has raised a trading sales volume of $1.5 million, up 1298% from the past day.

CryptoPunks, a non-fungible token collection featuring a limited edition of 10,000 pixilated NFTs created by Larva Labs but now managed by digital asset firm Yuga Labs, is today’s third most-traded NFT collection in the Ethereum NFT market. In the past 24 hours, the CryptoPunks NFT collection has recorded a trading sales volume of $1.3 million. Punks NFT trading sales volume has surged 228% from the past day.

Mutant Ape Yacht Club and Milady Maker are the fourth and fifth most traded NFT collections in the Ethereum blockchain network. In the past 24 hours, the Mutant Ape Yacht Club has recorded a trading sales volume of $709,968, while Milady Maker has amassed a trading sales volume of $475,320. Mutant Ape Yacht Club and Milady Maker NFT sales volume have surged by 510% and 221%, respectively.

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