A Snapshot of The NFT Market: The Ever-Evolving Ethereum Scene
In the rapidly growing world of digital assets, the NFT market, especially on the Ethereum blockchain, has been garnering significant attention. As the NFT market evolves, certain collections are emerging as clear leaders. According to a recent ranking by Coingecko, some top Ethereum-based NFT collections are creating substantial waves in this space. Let’s dive into the current top five.
Top Ethereum-Based NFT Collections
1. CryptoPunks
Often celebrated as the pioneer of NFTs, CryptoPunks made its debut in 2017, offering 9,000 out of 10,000 NFTs for free minting. This collection has etched its name in NFT history with record sales, including a staggering $23 million transaction.
Market Cap: $731.21M
Current Floor Price: 27.99 ETH
24H Volume: 275.41 ETH
2. Bored Ape Yacht Club (BAYC)
BAYC has transcended traditional digital art, becoming a cultural icon. This Yuga Labs creation has attracted high-profile collectors and expanded into gaming with “Dookey Dash,” a partnership with FarawayGG.
Market Cap: $303.11M
Current Floor Price: 11.60 ETH
24H Volume: 96.94 ETH
Other Leading Collections in the NFT Market
3. Pudgy Penguins
With its charming penguin avatars, Pudgy Penguins has captivated a dedicated fanbase. The development of the L2 blockchain, Abstract, by its parent company Igloo Inc., has also driven its popularity.
Market Cap: $247.43M
Current Floor Price: 10.65 ETH
24H Volume: 152.50 ETH
4. Azuki
Azuki’s anime-inspired NFTs have amassed a loyal following. The launch of anime.com by Azuki’s creators aims to cater to an international audience of anime enthusiasts,
Market Cap: $151.34M
Current Floor Price: 5.79 ETH
24H Volume: 52.19 ETH
5. Autoglyphs
Created by Larva Labs, Autoglyphs is a groundbreaking on-chain generative art project. A notable sale in February 2024 saw a set of 10 Autoglyphs fetching an impressive 5,000 ETH ($14.5M).
Market Cap: $133.16M
Current Floor Price: 99.50 ETH
24H Volume: 0
Did you know that NFT collections are now ranked by market cap on CoinGecko? 🖼️
Here are the top 5 #Ethereum NFT collections by market cap 👇https://t.co/kAjlH1oQVp pic.twitter.com/lLa5THK2zk
— CoinGecko (@coingecko) September 24, 2024
The continued evolution of these collections underlines the increasing diversity and attractiveness of digital art within the NFT market.
Disclosure: This content is for informational purposes only and does not constitute trading or investment advice. Always conduct thorough research prior to purchasing any NFTs or cryptocurrency.
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