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Despite having a high volume when compared to other NFT marketplaces, Bored Ape Yacht Club was down roughly $311 million, representing a $200 million reduction in volume in just 28 days.
In August 2021, BAYC set a new record for single-day sales volume, reaching $55 million.
In 2022, the single-day peak sales volume began on January 30, when BAYC witnessed $36 million in liquidity in its NFTs. Regrettably, this sum dropped by 73 percent on February 1, when BAYC earned $9.58 million.
Bored Ape Yacht Club made roughly $110 million in February 2022. Despite having a high volume when compared to other NFT marketplaces, Bored Ape Yacht Club was down roughly $311 million, representing a $200 million reduction in volume in just 28 days.
In August 2021, BAYC set a new record for single-day sales volume, reaching $55 million.
At its height in January, it had 815 unique purchasers and 1,063 total transactions. The next month, however, those statistics were not met, with 301 individual buyers of Bored Ape Yacht Club’s collections resulting in a total of 352 transactions. This means that in February, the number of unique buyers and total transactions fell by 63% and 71%, respectively.
On Nov. 16, 2021, this had dropped by 53% to around $25 million.
In 2022, the single-day peak sales volume began on January 30, when BAYC witnessed $36 million in liquidity in its NFTs. Regrettably, this sum dropped by 73 percent on February 1, when BAYC earned $9.58 million.
The creators of BAYC, Yuga Labs, revealed that they had purchased Meebits and CryptoPunks from Larva Labs, giving them ownership of two of the top five NFT markets in terms of sales volume.
A blockchain game will be released later this year as part of this. Reddit co-founder Alexis Ohanian, FTX’s head of initiatives and games, Amy Wu, and Yat Siu, co-founder and chairman of Animoca, are among the Ape Foundation’s board members.
