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- 1 Bored Ape Yacht Club, Azuki, Pudgy Penguins, Azuki, Milady Maker, and Moonbirds are among the top collections by volume in Opensea.
- 2 High volume of NFT shows the volatility of collection which helps to invest or ignore the collection.
Non fungible tokens (NFTs) are the digital expression of art, collectibles, music, or videos which are unique. The volume of any NFT decides the trade of any project. It denotes the volume that has been purchased and sold within a definite period.
OpenSea, the secondary NFT marketplace, holds the various categories of NFT. Based on the highest volume some NFTs which are at top of the chart are discussed below.
Bored Ape Yacht Club NFT
Bored Ape Yacht Club (BAYC) NFT is a collection of 9,998 items which was created in April 2021. It belongs to PFPs which means that it is used as profile pictures for different social media platforms. This NFT has a total volume of 1,245, 940 ETH which is highest on the OpenSea platform.
The weekly volume and the price chart shows that it had a volume of 418 ETH on August 11, 2023 which increased to 1,871 ETH on August 12, 2023. On August 14 its volume reduced to 868 ETH which has shown a sudden rise of 1,121 ETH on August 16.
Azuki NFT
Azuki NFT has a collection of 10K and it was created in January 2022. It has the second highest volume on the OpenSea platform. This NFT belongs to the PFPs category. The total volume of this NFT is 614, 891 ETH.
The weekly volume and the price chart shows that it had a volume of 385 ETH on August 10. The volume changed to 140 ETH on August 12, and 336 ETH on August 16.
Pudgy Penguins NFT
Pudgy Penguins NFT is the third on the list on this platform by highest volume. It has a total volume of 183,245 ETH.
It is 290 ETH on August 10. The volume was 421 ETH on August 11, 2023. The volume was 568 ETH on August 14 and decreased to 226 ETH on August 16.
Milady Maker NFT
Milady Maker NFT has a total of 7,732 items. It was created in August 2021. This NFT is PFP which is inspired by street style tribes. It holds a total volume of 73, 165 ETH.
The seven day volume and price chart shows that it has 517 volume on August 10 which becomes 173 ETH on August 12. The volume changed to 245 ETH on August 15 and 128 ETH on August 17.
Moonbirds NFT
Moonbirds NFT has a total 10K items and it was created in April 2022. It belongs to PFP art. It is a combination of web3 art, culture, and technology. It has a total volume of 324, 015 ETH.
The seven day chart of volume and price shows that it has volume of 31.6911 ETH on August 10. The volume changed to 60.239 ETH on August 13. The volume is 155 ETH on August 17.
Summary
The volume of any NFT collection represents the trade within the definite period. It is completed trades made collectively in one NFT collection. OpenSea, the NFT platform shows BAYC, Azuki, Pudgy Penguins, Milady Maker and Moonbirds as the notable NFTs depending on their volume.
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets & stocks comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
