20 July 2026
Trading Volume OF NFT Surges Amid Market and Floor Price Crash
The trading volume of NFT has increased in the past 24 hours as crypto markets tank taking floor prices of many top NFT collections along with it.
Top NFT projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Crypto Punks, and Sorare have witnessed 100% increases in 24-hour trading volumes as investors look to snap up cheaper NFTs as floor prices tumble.
As per data of CryptoSlam, eight of the top 10 NFT projects in terms of 24-hour sales volume have posted at least a 115% increase in trading volume, with the only projects falling under that mark being Goblintown at 35.54% and Moonbirds at 64.11%.
Yuga Labs’ BAYC NFTs are leading with a 262.79% surge over the past 24 hours to account for $7.1 million worth of sales.
Additionally, the following three highest-ranked projects are also owned by Yuga Labs, with MAYC, Otherdeed, and CryptoPunks posting 173.49%, 157.88%, and 122.69% surges in 24-hour trade volume to represent $3.4 million, $2.6 million and $2.5 million worth of sales respectively.
The largest NFT marketplace, OpenSea, has been the biggest beneficiary of the increased trading volume over the past 24 hours, with the platform posting a 173.43% gain in trading volume for a total of $23.88 million worth of sales.
Although, traders on the platform also decreased by 15.39% to 29,300 within that same time frame, suggesting that only a small number of investors with relatively deep pockets are making moves.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
Discussion
0 comments