Concerning the non-fungible token (NFT) market, experts from CryptoSlam discussed the current state of affairs. Data collected up to May 31, 2024, the last day of spring, showed that investors and collectors of digital art showed a marked uptick in interest in this industry, they said. Based on the number of transactions in the past 24 hours, analysts rated collections after studying industry trading volumes. A performance boost of 218% was demonstrated by the illustrious BAYC collection.
The top NFTs in the market today have grown substantially, say the experts. An increase of 12% brought the transaction value of the Bitcoin-based Uncategorized Ordinals collection to $2.35 million, placing it first according to CryptoSlam. After that, in second place, we have NodeMonkes on Bitcoin. There was a rise of 29.92% and a result of $973,78,000. Third place went to the Guild of Guardians Avatars on Immutable-Zk, with $858.54k in sales, a 15.08% increase.
Fourth place went to DMarket on Mythos, which saw a result of $726.79k, an increase of 6.36%. Sales of the renowned Ethereum collection Bored Ape Yacht Club (BAYC) reached a whopping $618,16,000, a 218.67% increase. Volumes increased by 4.31% as collectors spent $416.01k on the DogeZuki Collection on Solana. With $362.94 thousand, Validat3rs (Solana) stayed the same.
Infamous Fox Federation on Solana. Digital artworks were bought by investors for $279,62,000, a 9.99% increase in sales. With a growth of 53.65%, Pixelmon on Ethereum recorded transactions totaling $276,64,000. Lastly, $265.71k was the same as yesterday, an increase of 2.78% for Gods Unchained Cards on Immutable.
Bored Ape Yacht Club stood out among industry heavyweights thanks to its meteoric rise in membership and revenue. The rising popularity of Bitcoin-based collections is another sign that the network is seeing more users. Interest in NFTs on different blockchains is expected to rise even further, according to experts.