.jpg)
The global NFT market started off the first week of September 2024 with a bang, with the majority of NFT collections across major blockchain networks recording impressive increases in their trading volume. Bored Ape Yacht Club is leading the NFT market’s short-lived bull run with trading volume approaching $1 million.
Bored Ape Tops Daily NFT Sales Volume
Data fetched by CryptoSlam.ioa multi-chain NFT explorer backed by billionaire Mark Cuban, reports that the Bored Ape Yacht Club NFT collection has exploded in trading volume, becoming the leading NFT collection in the NFT market. In the past 24 hours, Bored Ape Yacht Club has racked up $848,676 in trading volume. During this time, Bored Ape NFT trading volume is up 161% from the previous day.
Launched in 2021, Bored Ape Yacht Club is a non-fungible token collection from digital asset company Yuga Labs featuring a limited run of 10,000 NFTs hosted on the Ethereum network. The Bored Ape NFT collection is a sister to the Mutant Ape Yacht Club collection, an NFT collection featuring a limited run of 20,000 NFTs hosted on the Ethereum blockchain.
The Bored Ape NFT collection is also a sister to Bored Ape Kennel Club, an NFT collection featuring a fixed pool of 9,602 NFTs; Otherdeed, an NFT that allows its holder to play games in the Yuga Labs universe (Otherside); Twelvefold, and CryptoPunks. Over the past three years, Bored Ape NFT has rapidly grown to become the best-selling NFT collection of all time.
NFT Market Health Over The Past 24 Hours
The non-fungible token market turned green today, recording a staggering +10% growth. In the past 24 hours, the global NFT market recorded a trading volume of $11.7 million, up 13% from the previous day. The top four leading NFT blockchains, Ethereum, Solana, Bitcoin, and Polygon, recorded positive +10% gains. Investors are optimistic that NFTs may retest their bullish trajectory before the end of this year.
Related NFT News:
Most Searched Cryptocurrency Launched – Pepe Unchained
- Layer 2 meme coin ecosystem
- Featured on Cointelegraph
- SolidProof and Coinsult audited
- Participation Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ends Soon
