Whereas this fall undoubtedly noticed a major rise in Bitcoin NFT buying and selling, the quantity of Ethereum NFTs traded on-chain is at the moment at its highest weekly stage for the reason that week of Feb. 26, 2023, in keeping with information from The Block.
The rise in Ethereum NFT quantity comes as the present #3 NFT assortment by market cap, Pudgy Penguins, approaches the market cap of its rival, the Bored Ape Yacht Membership assortment owned by Yuga Labs. Yuga Labs additionally owns Cyberpunks, the #1 assortment by flooring value.
Pudgy Penguins is at the moment growing Pudgy World, an interactive gaming expertise that may reportedly come to the Apple Imaginative and prescient Professional, whereas Yuga Labs is growing the Otherside metaverse, with a deliberate third “journey” take a look at coming quickly.
Nevertheless, whereas Ethereum commerce quantity is at its highest stage in a yr, the identical cannot be stated for NFTs minted on the chain, which trended flat this previous yr, indicating that the current spike in quantity was primarily made up of NFT gross sales slightly than mints.
