The non-fungible token (NFT) market has seen strong activity over the past week, with a daily volume of at least 25,000 ETH for three consecutive days and a total of 76,000 ETH, according to NFTGators. The data showed that OpenSea accounted for 49.8% of the volume, followed by Blur at 29.8% and X2Y2 at 11.2%.
In addition to the high volume, the past week also saw the highest number of organic NFT traders since July 2022, with a total of 531,000 organic trades and 7,000 trades suspected of involving wash trading. The average value of an organic NFT trade was $354.
One particular NFT collection, The Captainz, saw over 7,800 ETH in volume over the past 24 hours, representing over 25% of the total NFT market volume.
In recent months, several NFT projects have also seen significant growth, according to data from BendDAO. The MAYCs, BAYCs, CloneX, and Moonbirds collections have all experienced an increase in activity, with 41% of MAYCs, 37% of BAYCs, 36% of CloneX NFTs, and 57% of Moonbirds being deposited into the BendDAO collateral in the past month.
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