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Cryptocurrency News Articles

NodeMonkes Soars to Dominance in NFT Market, Surpassing $200 Million in Sales

Apr 25, 2024 at 04:51 pm

NodeMonkes surged to the NFT market's top, surpassing $1.05 million in sales on Thursday, becoming the 30th largest NFT collection with an all-time sales volume of $205.01 million. Bored Ape Yacht Club (BAYC), the second-highest performer, brought in $1.02 million, maintaining its position as the industry's second most-traded collection with $3.13 billion in all-time sales.

NodeMonkes Soars to Dominance in NFT Market, Surpassing $200 Million in Sales

NodeMonkes Emerges as a Dominant Force in the NFT Market

[City, Date] - In a remarkable surge, NodeMonkes has ascended to the pinnacle of the non-fungible token (NFT) market, surpassing numerous established collections and amassing an impressive $1.05 million in sales on Thursday alone. This extraordinary performance has propelled NodeMonkes' all-time sales volume to an astounding $205.01 million, establishing it as the 30th largest NFT collection. Furthermore, NodeMonkes has etched its name in the annals of history as the second-highest-selling collection of all time for Bitcoin-based NFTs.

Meanwhile, Ethereum-based Bored Ape Yacht Club (BAYC), a highly acclaimed NFT collection from Yuga Labs, secured the second spot on Thursday, with sales reaching $1.02 million. The monkey-themed collection now boasts an all-time sales volume of a staggering $3.13 billion, surpassing all but one of its rivals in the industry. The surge in BAYC's sales on Wednesday, which coincided with its third anniversary, snapped an eight-day streak of daily sales below $1 million.

On Wednesday, BAYC and NodeMonkes stood as the only collections to surpass the $1 million mark in daily sales, as overall NFT sales experienced a modest decline of 1.1% from the previous day, reaching $24.4 million.

Claiming the third spot in daily rankings was DMarket, a platform that specializes in in-game items for the Mythos ecosystem. DMarket's sales totaled $841,305 across 33,506 transactions. This high volume of activity involved 4,305 unique buyers and 3,957 sellers, further solidifying DMarket's position as a prominent player in the NFT market. With its impressive all-time sales now exceeding $411.21 million, DMarket ranks 16th among all NFT collections.

Other notable collections that witnessed significant daily sales include $PUPS BRC-20 NFTs, Mad Lads, Dokyo, and $WZRD BRC-20 NFTs. $PUPS BRC-20 NFTs recorded sales of $730,112.21 with 68 transactions, while Mad Lads generated $768,411.76 from 53 transactions. Dokyo and $WZRD BRC-20 NFTs also made their mark, with sales of $680,417.15 and $740,346.69, respectively.

Although $WZRD BRC-20 NFTs experienced a cool-down mid-week after topping the charts around the Bitcoin halving date, their overall performance remains impressive. On April 19, the collection recorded over $8 million in total sales, fueled by a surge in Bitcoin-based collections and the excitement surrounding the successful launch of the Runes protocol and the halving of a new fungible token.

This remarkable surge in NFT sales demonstrates the continued growth and maturity of the NFT market. As more individuals and institutions recognize the potential of NFTs, the industry is poised for further expansion and innovation. NodeMonkes' meteoric rise and the strong performances of BAYC and other notable collections serve as a testament to the burgeoning acceptance and value of NFTs.

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