CryptoPunk, the collection of 10,000 NFTs (Non-Fungible Token) based on Ethereum, has just surpassed the billion dollars of sale ($1,14 B). A record broken only by the game NFT Axie Infinity which accumulates a total volume of transactions in excess of 1,6 billion dollars. Figures still unthinkable a few months ago, which demonstrate the rise of NFTs in the crypto industry.
CryptoPunks take off
These pixelated images, algorithmically generated 4 years ago by Larva Labs, a software company, have experienced a incredible acceleration of their negotiation since Visa announced that it purchased one of the avatars for $ 165,000. The collection reached a Rdaily sales ecord of $ 101 million and the total transaction volume of the project increased by 716% in the past week, according to the site data CryptoSlam.io. But the momentum in favor of CryptoPunks was already well underway. Indeed, from the end of July, daily volume increased from $ 1.8 million to $ 41.5 million within a week.
In fact, the craze around CryptoPunks does not seem close to dying out. Today to acquire one, you have to pay at a minimum 142 ETH, or more than $ 450,000. En in the last 24 hours, the sales value stands at $ 120 million, setting a new record.
| Product | With salt | Change (24h) | Buyers | Txn | ||
|---|---|---|---|---|---|---|
| 1 | CryptoPunks |  ETH |
$120,021,330 | 25.96% | 157 | 242 |
| 2 | Bored Ape Yacht Club | ETH |
$50,094,462 | 198.28% | 227 | 276 |
| 3 | Art Blocks | ETH |
$32,806,967 | 37.10% | 1,151 | 1,872 |
| 4 | Axie Infinity | ETH | $21,648,602 | 2.60% | 23,781 | 61,614 |
| 5 | Cool Cats | ETH | $18,804,450 | 2,350.10% | 639 | 984 |
The second on the list of daily volumes works on the same model. Seeking to capitalize on the idea of CryptoPunks, Bored Ape Yacht Club is a collection of 10,000 NFTs featuring upset-looking primates. Released in April, the series became very popular and reached more than $ 353 million in sales.
| Product | With salt | Buyers | Txn | Owners | ||
|---|---|---|---|---|---|---|
| 1 | Axie Infinity | ETH | $1,626,974,182 | 460,331 | 3,759,274 | 1,363,469 |
| 2 | CryptoPunks | ETH | $1,137,166,327 | 4,242 | 17,808 | 3,066 |
| 3 | NBA Top Shot | ETH | $701,451,746 | 335,581 | 9,159,025 | 549,922 |
| 4 | Art Blocks | ETH | $596,382,548 | 13,607 | 84,285 | 15,539 |
| 5 | Bored Ape Yacht Club | ETH | $353,879,117 | 6,966 | 20,255 | 5,342 |
From free privacy to expensive hype
While the developers of the project had originally planned to integrate CryptoPunks into a video game, they eventually published them as NFT. Reserving 1000, they distributed the rest for free until they acquired a market value, attracting in particular the lust of ” whales “. These whales – a term that refers to individuals or entities that hold large amounts of crypto-are effectively at the forefront of lovers of these digital objects.
Thus, according to the data provided by DappRadar, “whales” wallets are said to hold an average of $ 53.6 million worth of CryptoPunks. The top 10 punk holders own 1,410 pieces, or 14.1% of the collection, including one who accumulated 254. In detail, 2888 unique wallets contain at least one NFT Punk and 75% of owners have acquired at least two. A high concentration index but the analysis site considers that due to the massive market capitalization of the collection, this market is less likely to be manipulated.
