An Overview of the NFT Market: The Merkle News
As the NFT market continues to evolve, several standout collections on the Ethereum blockchain are making waves.
Coingecko’s recent ranking by market cap highlights the top performers in this space. Here are the top 5 Ethereum-based NFT collections:
1. CryptoPunks
Widely regarded as the original NFT collection, CryptoPunks was launched in 2017 with 9,000 out of 10,000 NFTs available for free minting. Over the years, CryptoPunks has solidified its place in the NFT world, with an all-time high sale of 125 ETH ($404,125) and a record-breaking sale of $23 million.
Market Cap: $731.21M
Current Floor Price: 27.99 ETH
24H Volume: 275.41 ETH
2. Bored Ape Yacht Club (BAYC)
BAYC has become a cultural phenomenon, with high-profile celebrities like Justin Bieber among its collectors. Created by Yuga Labs, BAYC recently expanded into the gaming world with the launch of “Dookey Dash,” in collaboration with FarawayGG.
Market Cap: $303.11M
Current Floor Price: 11.60 ETH
24H Volume: 96.94 ETH
3. Pudgy Penguins
This collection of 8,888 cute penguin NFTs has grown in popularity, and its parent company, Igloo Inc., is currently developing an L2 blockchain named Abstract. Pudgy Penguins continues to captivate its growing fanbase.
Market Cap: $247.43M
Current Floor Price: 10.65 ETH
24H Volume: 152.50 ETH
4. Azuki
Azuki’s anime-inspired avatars have gained a strong following. Recently, the creators behind Azuki launched anime.com, aiming to provide anime-focused entertainment to fans worldwide.
Market Cap: $151.34M
Current Floor Price: 5.79 ETH
24H Volume: 52.19 ETH
5. Autoglyphs
Created by Larva Labs, Autoglyphs is the first on-chain generative art project on Ethereum. Its most notable sale was in February 2024, when a set of 10 Autoglyphs sold for 5,000 ETH ($14.5M).
Market Cap: $133.16M
Current Floor Price: 99.50 ETH
24H Volume: 0
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