Market Value of Ethereum NFTs Hits $11.3 Billion, According to Nansen

· 2 min read
Market Value of Ethereum NFTs Hits $11.3 Billion, According to Nansen
Market Value of Ethereum NFTs Hits $11.3 Billion, According to Nansen

  • The greatest market cap belongs to CryptoPunks, which is 1.05 million ETH ($1.6 billion).
  • The second most popular NFT collection is Bored Ape Yacht Club, with a market cap of 957,255 ETH.
  • With a market cap of 957,255 ETH, Bored Ape Yacht Club is third on the list.

According to well-known cryptocurrency, DeFi, and NFT analytics site Nansen, the projected market value for Ethereum NFTs is currently 7.04 million ETH ($11.3 billion). This market cap estimate is accurate for the top 1500 Ethereum NFT collections, according to the on-chain data company.

In terms of market capital, CryptoPunks ranks first among the top 10 Ethereum NFT collections, with 1.05 million ETH ($1.6 billion) in market capital.

The floor price of the NFT collection has increased by 2.7% over the last 24 hours. With a market valuation of 957,255 ETH, Bored Ape Yacht Club is another well-known NFT collection (USD 1.5 Billion).

With a market valuation of 363,988 ETH ($584 Million), Otherdeed by Otherside has climbed to third place among the top ETH NFT collections. Third on the list, Mutant Ape Yacht Club has a total market value of $318,890 ETH (USD 511 Million).

Azuki, a cryptocurrency developed by Chiru Labs, is currently ranked fifth among all ETH NFT collections with a market capital of 192,853 ETH.

Chromie Squiggle NFT Collection, designed by Snowfro, is ranked sixth on the list and has a market capitalization of 186,214 ETH. CloneX by well-known Japanese artist Takashi Murakami is ranked eighth with a market capitalization of 141,053.ETH (US$ 226 Million).

On the list of the greatest NFT collection in terms of Market Capital, Fidenza is ranked eighth with 124,584 ETH.

With 91, 766 ETH in market capital, Doodles is in ninth place, and Moonbirds, which has a collection of 10,000 PFPs, is in last place with 88,290 ETH.

Disclaimer: This platform contains viewpoints from outside sources. We do not attest to their veracity. Prices for digital assets can fluctuate. We advise readers to carry out independent in depth research.