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Market Update NFTs (and specifically Crypto, Punks) enjoyed a wonderful run over the weekend. Throughout the Asia open, BTC relaxes while consolidating below $40,000 as ETH/BTC gets up from its multi-week rest. Crypto, Punks Went On A Tear Art Blocks, BAYC & Punks See Increased Adoption In terms of the variety of holders, Art Blocks & Bored Apes Luxury Yacht Club (BAYC) holders have more than doubled considering that early Might.

Nevertheless, it's not an apples-to-apples comparison in between the 3 projects: BAYC and Crypto, Punk have actually a fixed supply of 10k pieces, whereas Art Blocks has a broadening supply of around 76k at the time of writing. Crypto, Punks stay an unique task held by few. Given That Reaftyclub NFT Event , Crypto, Punks only increased its total holders by 500 (or 27%) in the last 3 months.

Open, Sea The Go-To NFT Market For a brief period back in October 2020, Rarible was the marketplace leader in the issuer-agnostic NFT market sector. Its consistent decrease with time can be credited to trade mining rewards (which led to a lot of wash trading for mining RARI tokens). Keep in mind, organic traction is always much better than incentive-driven traction.

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Open, Sea extends its market share lead at the expenditure of, well, almost every other NFT market despite not having a token. This further cements Open, Sea's position as the market leader for NFT markets with no indications of decreasing (more on that in the next chart). Open, Sea volume surges previous As NFT buying soared over the weekend, Open, Sea processed a record $57.

In addition, July was Open, Sea highest month-to-month volume ever, with over $250M in volume. It deserves noting that even with these outstanding numbers and a 96% market share, this does not represent the entire NFT market as it does not consist of volume jobs with their own markets like Larvalabs (Punks, Meebits and Autoglyphs) and Axie Infinity.

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