NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

Top non-fungible token (NFT) collections and marketplaces are buzzing again on the NFT market today. OpenSea saw over $3.91 million in trades in just one day, facilitated by strong interest in iconic assets like CryptoPunks, which ranked top in value and transactions.

Though sentiment has moved, NFT market data shows that premium NFTs are still in high demand, featuring high-value trades such as $185K, all powered through the efforts of the community users powering collections such as Kabo Genesis and Moonbirds.

NFT Market Sees Strong Activity Led by CryptoPunks and OpenSea

NFTs were active, and OpenSea led the marketplaces by handling more than $3.91 million in one day. CryptoPunks saw the highest trading volume of $996.95K, Courtyard came next at $520.80K, and Good Vibes Club had $486.30 K. Both Kabo Genesis and Lords Unchained were successful, bringing in $445.80K and $426.50K, respectively.

Out of the top-performing portfolios, many involved community users and CryptoPunks marked 82 successful transactions, while Kabo Genesis made nearly 5,800. Next, Moonbirds was followed by Mutant Ape Yacht Club and Guild of Guardians, bringing $323.85K and $167.56K, respectively. Next were Podly Penguins, making $129.72K from 52 sales.

High-Value NFT Trades That Happened Within This Time

Most of the top five most expensive individual NFT sales in the last day were CryptoPunks. A CryptoPunk NFT sold for $185.59K, just above a second NFT that sold for $145.70K, $139.97K, and yet another for $127.64. The next most expensive was another CryptoPunk, which fetched $85.35K proving that people are still interested in the project.

These stats reveal that high-value NFTs from popular and well-known collections are often valued in the same way. While opinions about NFTs keep changing, high-priced assets are still consistently transacted.

Marketplaces in Terms of User Numbers and Total Transactions

Of all marketplaces, OpenSea traded the most, totaling $3.91 million with 28,174 traders. Afterwards, Blur brought in $1.09M with 9.56K users, and Magic Eden showed $950K in trades with 11.12K users. Both X2Y2 and Mintable ended up in the top five with contributions of $650K and $350K, respectively.

Despite the large number of projects, OpenSea is still successful because of its high selling volume and its ability to attract many users. At the same time, Magic Eden and Blur highlight the increasing competition among NFT platforms for user interest and trade flow.