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Bored Apes Dominate the NFT Market

They're still leading the NFT market.

By Mike Hesp
• 1 min read
Bored Apes Dominate the NFT Market

On the NFT market, they're still leading the pack. Yuga Labs' iconic Bored Apes account for a sizable chunk of trading volume.

Yuga Labs, the company behind the iconic Bored Apes, has delivered 35 percent of NFT market trading volume over the past six months. This comes from a report from DappRadar. From October 2022 to March 2023, Yuga products generated more than $2 billion in trading volume.

In March 2022, the company expanded its market dominance by purchasing the rights to the CryptoPunks NFT collection. The two collections also lead the market in terms of price levels. The floor price for a Bored Ape is currently 51.45 ETH. At press time, this equates to about $98,000 USD. It is closely followed by CryptoPunks at 49.49 ETH.

The report attributes these success figures to sustainable development and community work. Unlike Yuga Labs, some projects have left their communities in the lurch by halting development or breaking promises to owners."

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