- Blue-chip NFTs based on Ethereum saw a decline in trading volume in September.
- Ethereum NFTs have seen a steady fall in sales volume since January.
Ethereum-based blue chip non-fungible tokens (NFTs) witnessed a 38% month-over-month (MoM) decline in trading volume in September, data provider The Block Pro noted in a recent post on X (formerly Twitter).
September experienced a 38% MoM drop in Ethereum’s blue-chip NFT trading volume, with BAYC, MAYC, and DeGods accounting for 71% of the total volume. pic.twitter.com/o57MCkgb5I
— The Block Pro (@TheBlockPro__) October 9, 2023
BAYC and MAYC in September
Throughout September, leading NFT projects Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) both saw declines in their floor prices. Within the 30-day period, BAYC’s floor price fell from 27.2 ETH to 24.44 ETH, according to data from NFT Price Floor.
At press time, BAYC’s floor price was 25.63 ETH. The last time an NFT from the BAYC collection traded for this low was in August 2021.
Regarding MAYC, its floor price plummeted by 15% during the same period. As of this writing,
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Author: Abiodun Oladokun