NFT Sales, Price Floors Rising, CryptoPunks Lead the Charge

Non-fungible tokens have seen a sharp increase in their daily sales over the past month as the broader crypto market entered its bull phase.

nft sales increased 28% in the last 24 hours to $40.4 million, according to data provided by CryptoSlam. This is the highest level of trading volume for the sector in more than seven months, last seen in late April.

ethereum (eth) leads with $26.4 million in daily sales, followed by bitcoin (btc) and Solana (SOL) with $6.3 million and $2.5 million in trading volume, according to data from CryptoSlam.

The total number of nft buyers also increased by 7% to 41,000 and the number of sellers is around 30,000 addresses.

Despite a 4% drop, CryptoPunks, a popular digital collection, leads with $5.6 million in daily sales. Bored Ape Yacht Club Collectibles saw a 15% increase in 24-hour volume to $3.2 million.

According <a target="_blank" href="https://www.coingecko.com/en/nft” target=”_blank” rel=”nofollow”>data From CoinGecko, the floor prices of CryptoPunks, BAYC, and Pudgy Penguins (the top three nft collections by market cap) rose to $162,000, $85,900, and $54,500, respectively.

Data from the price aggregator shows that CryptoPunks' market capitalization surpassed the $1.6 billion mark, while the price of ethereum fell 0.4% to $3,680.

Cardano (ADA) recorded the most expensive nft sale of the day. The Cardano-based 8-bit Zombie #0388 collectible sold for over $388,000 on Sunday night.

The total sales amount on the Cardano network reached $594,000 with 266 buyers and 28 sellers in the last 24 hours.

Last week, the total nft sales volume reached $146.5 million, crypto.news reported on Sunday.

The surge in nft sales comes as the cryptocurrency market recorded an impressive run following the US election and Donald Trump's victory over Kamala Harris. By data According to CoinGecko, the global crypto market capitalization reached an all-time high of $3.628 trillion today.