Whereas there has undoubtedly been a big improve in Bitcoin NFT buying and selling this fall, the amount of NFTs traded on the Ethereum community is at present at its highest weekly stage for the reason that week of February 26, 2023, in keeping with information from The Block.
The rise in Ethereum NFT quantity comes as the present No. 3 NFT assortment by market cap, Pudgy Penguins, approaches the market cap of its competitor, Yuga Labs’ Bored Ape Yacht Membership assortment. Yuga Labs additionally owns Cyberpunks, the #1 lowest priced assortment.
Pudgy Penguins is at present creating Pudgy World, an interactive gameplay expertise stated to be coming to Apple Imaginative and prescient Professional, whereas Yuga Labs is creating the Otherside metaverse, with a 3rd “touring” check deliberate for the close to future.
Nevertheless, whereas Ethereum buying and selling quantity is at its highest stage in a yr, the identical can’t be stated for on-chain minted NFTs, which have trended flat over the previous yr, indicating that the latest surge in quantity has been largely pushed by NFT gross sales. not mint ones.