Non-fungible tokens have been seeing a sharp increase in their daily sales over the past month as the broader crypto market entered its bullish phase.
NFT sales increased by 28% in the past 24 hours to $40.4 million, according to data provided by CryptoSlam. This is the highest level of trading volume for the sector in over seven months โ last seen in late April.
Ethereum (ETH) is leading with $26.4 million in daily sales, followed by Bitcoin (BTC) and Solana (SOL) with $6.3 million and $2.5 million in trading volume, per CryptoSlam data.ย
The total number of NFT buyers has also increased by 7% to 41,000 and the number of sellers is hovering close to 30,000 addresses.
Despite a 4% dip, CryptoPunks, a popular digital collection, is leading with $5.6 million in daily sales. The Bored Ape Yacht Club collectibles registered a 15% increase in their 24-hour volume to $3.2 million.ย
According to data from CoinGecko, the floor prices of CryptoPunks, BAYC and Pudgy Penguins โ the top three NFT collections by market cap โ increased to $162,000, $85,900 and $54,500, respectively.
Data from the price aggregator shows that the CryptoPunks market cap surpassed the $1.6 billion mark while the Ethereum price dropped 0.4% to $3,680.
Cardano (ADA) recorded the most expensive NFT sale of the day. The Cardano-based 8-bit Zombie #0388 collectible was sold for over $388,000 late Sunday.ย
The total amount of sales on the Cardano network reached $594,000 with 266 buyers and 28 sellers in the past 24 hours.
Last week, the total NFT sales volume reached $146.5 million, crypto.news reported Sunday.
The surge in NFT sales comes as the cryptocurrency market recorded an impressive run after the U.S. elections and Donald Trumpโs win over Kamala Harris. Per data from CoinGecko, the global crypto market cap reached an all-time high of $3.628 trillion earlier today.
