Non-fungible tokens (NFTs) outperformed their fungible counterparts over the past seven days, with the 10 largest holdings posting an average 6.4% gain over the period. according to To price floor aggregator NFT price.
Meanwhile, the fungible token sector recorded an average negative performance of 8.6%, with only native tokens from centralized exchanges recording positive returns.
Mixed performance
The NFT collection with the most significant advance was Space Doodles with a 44.7% gain in dollar terms.
Pudgy Penguins' secondary collection, Lil Pudges, was up 35.1%, the second-biggest return among the top 10 collections. This performance was closely followed by Space Doodles' debut collection, Doodles, which grew by 34.8% for the week.
Azuki and Pudgy Penguins also recorded positive moves, up 14.2% and 14% respectively. Meanwhile, Bored Ape Yacht Club (BAYC) and CryptoPunksTwo of the most popular NFT pools in the market undercut the average returns of the top 10 pools.
Bored Ape NFTs fell nearly 19%, while CryptoPunks and BAYC, Mutant Ape Yacht Club, fell 9.35% and 15.77%, respectively, over the same period.
In the same period
Despite the positive average performance, the NFT market is still the largest of the three blockchain chains in terms of trading volume.
Data from CryptoSlam shows Weekly sale of NFT on Ethereum (ETH) exceeded $129 million but decreased by 28.5%. NFT trading in Bitcoin (Bitcoin) grossed significantly less to $29.3 million, a 46% weekly slump.
Solana (SOL) rounded out the top 3 blockchains with NFT activity, with $24.3 million in volume and 38.5% negative weekly change.
fall from glory
Despite double-digit gains in most of the top 10 NFT portfolios, their floor prices are still far from their peaks. CryptoPunks peaked at nearly 114 ETH on October 8, 2021, and bottomed at 39.89 ETH at press time – a 65% drop.
Bored Ape NFTs, arguably the most popular set of the past bull cycle, hit an all-time high of 128 ETH on April 22, 2022. However, they are down nearly 87% at the current price of 17 ETH.
Meanwhile, Mutant Ape Yacht Club items recorded the worst correction among the top 10 NFT sets compared to their all-time records. Their current price of 3.12 ETH is down 91% from the 35.58 ETH they recorded on April 27, 2022.
