Within the previous 24 hours, the broader non-fungible token market has been struggling, indicating a decrease in particular person curiosity. The same phenomenon at the moment happens within the digital asset market, which nowadays observed a prime decline triggered by macroeconomic instability and nervousness amongst traders.
Nonetheless, according to files shared by Phoenix Community nowadays, NFT collections like Rotund Penguins, the Band Bears, CryptoPunks, and others recorded prominent efficiency, suggesting optimism available within the market.
#NFT MARKET OVERVIEW
TOP COLLECTION #PudgyPenguins – 24H Quantity $1.93M… pic.twitter.com/qleCKLDp15
— PHOENIX – Crypto Knowledge & Analytics (@pnxgrp) February 7, 2025
NFT market registers lowered volumes
The broader non-fungible token market witnessed a 5.7% decrease in market valuation and a 6.7% decline in transaction volume, suggesting a declined particular person search data from. Most well-known NFT collections recorded lowered performances.
Despite the declines, Rotund Penguins acquired the spotlight with its most efficient shopping and selling volume of $1.93 million over the last 24 hours. It changed into adopted by the Band Bears, which recorded a $1.32 million transaction volume over the same period.
Whereas CryptoPunks took the third role with a $994,410 shopping and selling volume, Azuki secured the fourth set apart with a $909,830 transaction volume. They had been adopted intently by Milady Maker, which registered a $903,740 shopping and selling volume.
Lil Rotund settled on role 6 with a transaction volume of $533,550. Others like Doodies, Courtyard, Bond Bears, and the Small one Bears moreover acquired visibility with their transaction volumes of $443,110, $440,030, $391,020, and $384,600 respectively.
Top 5 NFT collections with gross sales
Knowledge restful by Phoenix Community moreover observed that the wider NFT market witnessed lowered shopping and selling gross sales volume and ground fee values. The market registered entire daily gross sales of $17.69 million, down by 2.36% over the day earlier than nowadays.
In step with the metrics, listed below are the finest 5 non-fungible token collectibles with the superb gross sales over the same period. CryptoPunk 8868 emerged the finest with entire gross sales of $554,960 within the previous 24 hours. It changed into adopted by Bond Endure with $391,020 in gross sales.
Boo Bears took the third role with $143,400 in gross sales. CryptoPunk 4550 secured role four with a gross sales volume of $123,440. CryptoPunk 6788 adopted with $113,060 in gross sales.
Top 5 NFT marketplaces by volume
Lastly, the tips observed the head 5 NFT marketplaces by transaction volumes.
Blur emerged as the finest non-fungible token market platform after recording a shopping and selling volume of $8.33 million. It changed into adopted by OpenSea with a $6.57 million transaction volume.
CryptoPunks took the third role with an $899,000 shopping and selling volume. Part secured the fourth role with a $519,000 shopping and selling volume. Magi Eden closed the checklist with a shopping and selling volume of $449,000.
