Recently, Bored Ape Yacht Club has exploded in the NFT market. According to the official introduction, Bored Ape Yacht Club is a code-generated, NFT project with more than 170 qualities of cartoon ape images, limited to 10,000 in total, which meets the contract standard of Ether ERC-721 and is hosted on IPFS (distributed file system).
According to CrpytoSlam’s data, Bored Ape Yacht Club topped the NFT daily transaction ranking for five consecutive days since May 31. Among them, its sales reached a peak of about $1,692,600 on June 1. As of 15:30 today, the project’s 7-day cumulative sales were about $6,247,200, a 7-day increase of about 674.93%. Other than it, the top five NFT projects are all down in 7-day sales, with the second-ranked NBA Top Shot and the third-ranked CrpytoPunks both down more than 23%.
According to PAData’s analysis of the NFT market last week, total sales continued to be sluggish, with a week-over-week decline of about 22%, which means that with no growth in market size, Bored Ape sales growth may not be driven by new users, but may be siphoning off users from other platforms.
Bored Ape Yacht Club was launched on April 30 this year, and on the third day after its launch (i.e. May 2), total sales reached an all-time high of about $4,390,100 in a single day. The program has now generated a total of 9,119 transactions with cumulative total sales of approximately 6,853.07 ETH, which translates to approximately $20,940,000 USD.
Although, the current daily sales are not as high as the early days of the release, the average price per ape has been climbing. At the beginning of its creation, the official claim was that each ape was priced at 0.08 ETH. However, from April to now, the average price of each ape has traded at approximately 0.1064 ETH, 0.6985 ETH and 1.4047 ETH per month in that order, with monthly premiums of approximately 33.00%, 773.13% and 1,655.88% respectively.
Not only is the increase in the selling price per ape obvious from an internal vertical comparison, but the selling price premium per ape is even more impressive from a horizontal comparison with other NFT pieces. According to statistics, the average price of a single sale of Bored Ape Yacht Club in the last 7 days is about 1.12 ETH, which is about 92 times the average price of a single sale of the second-ranked NBA Top Shot.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/bored-ape-total-turnover-broke-20-million-the-average-price-of-the-last-7-days-up-to-nba-top-shot-92-times/
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