Bored Ape Yacht Club NFT daily sales volume up more than 300% in the last 24 hours

Bored Ape Yacht Club NFT daily sales volume up more than 300% in the last 24 hours

By Sam Grant - min read
  • The NFT collection is second in 24 hr. daily sales volume behind Otherdeed, which has more buyers and transactions on the day
  • Earlier this week, the all-time sales volume of the mutant serums for BAYC crossed $1.5 billion

The MAYC NFT collection has grown to be among only six platforms to reach the billion-dollar platform since its launch, the others including Axie Infinity, CryptoPunks, NBA Top Shot and its original highly successful derivative BAYC. 

The offshoot NFT from the Bored Ape Yacht Club (BAYC) this week surpassed $1.5 billion and, at the time of writing, has logged $1.531 billion for an average of about $39,360. The NFT collection currently ranks fourth in sales volume and has recorded 38,896 transactions, CryptoSlam data shows. 

The Mutant Ape Yacht Club NFT collection has resorted to other approaches to expand access to the Bored Ape Yacht Club and benefit in terms of sales. Gaining access to the BAYC ecosystem requires that new members own a Bored Ape, Mutant Ape or any related NFT – a strategy to boost sales volume.

Sales volume market data reflects the success of the strategy.

BAYC 24 hr. sales volume up 305%

The original derivative BAYC has recorded $3.11 million in sales in the last 24 hours – up 306.05%. Its trails Otherdeed which has $3.66 million during the same period. 

In the last 30-days, MAYC is up 11.83% and ranks third with $232 million behind BAYC with $283 million. Otherdeed, which tops the chart, has almost four times the MAYC sales volume with $929 million.

The evolution of Bored Ape NFTs might yet be the best thing to happen to Yuga Labs

Mutant Apes have proven to have great potential despite coming in as variations to reward Bored Ape NFT holders and enthusiasts with a second NFT, slightly different but same in trait and features. The diversification from the Bored Apes has boosted sales volume for both NFT collections, as evidenced by their market rankings.

In March, MAYC and BAYC creator Yuga Labs announced they had acquired the intellectual property of rival collections – CryptoPunks and Meebits – previously under Larva Labs. The deal came as a shock for many in the space where decentralisation is a core pillar.