Ethereum-based NFT project CrypToadz by GREMPLIN led the charge with over $19 million worth of volume in a single day and reaches to its peak.
After a quieter September, NFT trading volume is rising again—and the hottest new project is pixel toad profile photos. Leading NFT market OpenSea had its largest day of trading volume in nearly a month on Sunday. Ethereum-based NFT project CrypToadz by GREMPLIN led the charge with over $19 million worth of volume in a single day.
Sales of NFT collectibles ticked up over the weekend, as the main market OpenSea recorded its highest single day of buying and selling quantity in practically a month. Main the cost this time round are pixel-based toad avatars, that are immediately coveted by collectors.
OpenSea notched a $136.8 million value of NFT trading volume on Sunday, per data from Dune Analytics, marking the very best single-day tally in practically a month—since hitting $138.5 million value on September 5. Buying and selling quantity has been trending upward on the marketplace over the last week following wider declines all through much of September.
The Ethereum based marketplace surged to new peaks in August, amassing nearly $3.5 billion value of trading quantity for the month—a more than 10x rise over July, which had been its earlier best month to date. August’s surge included a single-day record of nearly $323 million value of NFT trading on August 29.
September’s figures sank from these towering highs, and top collections like Art Blocks and Bored Ape Yacht Club likewise noticed much less buying and selling final month—as did fashionable tasks that don’t commerce on OpenSea, equivalent to CryptoPunks and NFT recreation Axie Infinity. An NFT acts like a deed of possession for digital merchandise, whether it’s an image, video file, or one thing else entirely.
Despite some latest doom-and-gloom chatter across the declining market, OpenSea’s remaining numbers truly weren’t far off of August’s, with greater than $3 billion between each Ethereum and Polygon-based gross sales. All of the whereas, there have been top-dollar NFT gross sales—equivalent to an Artwork Blocks “Ringers” NFT that bought for $6.9 million value of ETH on Saturday—whereas distinguished new NFT collections are nonetheless dropping and promoting out.
One of those collections that launched recently and bought out was CrypToadz by GREMPLIN, which debuted in early September and bought about $17.7 million value of NFTs throughout its first week. Secondary market gross sales since then have been up and down, together with a number of days with lower than one million dollars value of quantity. Nevertheless, a climb in gross sales over the past week culminated with a boom in trading and a surge on the price floor on Sunday.
More than $19 million worth of CrypToadz were traded on Sunday, setting a new daily record for the collection, per data from CryptoSlam. Thus far, the collection has yielded a $88 million value of buying and selling. In response to CryptoSlam, it’s the preferred NFT assortment over the past 24 hours, edging out Axie Infinity by less than $1 million value of volume.
The typical sale value has climbed significantly over the last week, as has the value floor: the cheapest available CrypToadz NFT as of this writing prices 11.2 ETH—about $37,000. The unique minting value for CrypToadz was simply 0.069 ETH, or about $225 today.
The Solana NFT market is also on an upswing this week, with Solanalysis reporting practically $156 million of trading quantity over the past week on the rising Ethereum difference. That’s a rise of 13% over the earlier week, and the entire contains the $2.1 million sales of a Solana Monkey Business NFT from Friday.
Source: Decrypt
