Bored Ape NFTs Skyrocket OpenSea Transactions

Bored Ape NFTs Skyrocket OpenSea Transactions

The Yacht Club collections have seen an increase in sales after the growing popularity of NFTs, with over $700M worth of transactions on OpenSea.

Data gathered from DuneAnalytics showed that OpenSea had huge NFT trading volumes just at the beginning of 2022. This was linked to sales of the Bored Ape NFT collection which gathered a lot of attention after purchases were made by celebrities like Eminem.

Just over the period of 3 days, the OpenSea marketplace saw over $700 million worth of NFT transactions, with January the 3rd being the most active day - almost $256M in 24 hours.

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According to the tweet by Wu Blockchain, OpenSea had over $3B worth of transactions only in December due to the MAYC and BAYC NFT craze, so it’s very likely that the numbers may exceed in 2022.

According to OpenSea’s rankings, the most profitable NFT collection is the Mutant Ape Yacht Club (MAYC) with a trading volume of almost 25,1k ETH (about $94M) over the past 7 days. Following behind is the Bored Ape Yacht Club (BAYC) collection which reached the trading volume of almost 24k ETH (~$90M) over the last week.

Currently, the MAYC NFT collection is up by over 45% over the last 7 days, while the Bored Ape Yacht Club digital assets had an estimated 170.61% increase in the same time period. At the moment of writing, the floor price of a MAYC NFT is 15.75 ETH, while the BAYC collection items sit at an average of 71.5 ETH per piece. 

Dom Z. - Crypto Analyst

by Dom Z. - Crypto Analyst, BitDegree


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