NFTs, or Non-Fungible Tokens, have emerged as a groundbreaking category of digital assets, characterized by their uniqueness and unalterable verification through blockchain technology. In stark contrast to cryptocurrencies like Bitcoin or Ethereum, where tokens are identical (fungible), NFTs boast individualized value and distinct attributes that set them apart. This distinctive quality, fortified by blockchain’s inherent security and immutability, has opened up unprecedented avenues for artists, musicians, and creators across diverse domains.
This evolution of NFTs has ushered in a new era where digital collectibles, art pieces, and even virtual real estate attain tangible and tradable value. As we near the conclusion of September 2023, we embark on a journey through the NFT collections that have left an indelible mark on the market, assessed through their trading volume. Here, we present our carefully curated list of the top 5 NFT collections based on their trading volume in September 2023.
Why Trading Volume Matters for NFTs?
Trading volume serves as an essential metric, offering invaluable insights into the popularity and liquidity of a particular asset. Elevated trade volumes typically signify heightened interest and underline the asset’s embrace within the community. In the context of NFT collections, trading volume provides a snapshot of their current significance in the ever-evolving NFT marketplace.
The Top 5 NFT Collections by Trading Volume in September 2023
#1 Mutant Ape Yacht Club
Trading Volume (Last 7 days): $9.26 million
Volume Change: -1.39%
Holding the coveted top position is the Mutant Ape Yacht Club, which, despite a slight dip, maintains its allure as these unique mutant apes continue to captivate the imaginations of fervent NFT enthusiasts.
#2 Bored Ape Yacht Club
Trading Volume (Last 7 days): $7.46 million
Volume Change: -24.34%
The Bored Ape Yacht Club, serving as the elite counterpart to the Mutant Ape collection, retains its prominence within the NFT realm, even amidst a noticeable drop in trading volume.
#3 Gods Unchained
Trading Volume (Last 7 days): $4.36 million
Volume Change: -14.74%
Marrying the allure of collectible cards with the potency of NFTs, Gods Unchained continues to wield a strong presence. The collection’s distinctive gameplay elements and intricate artwork sustain its relevance.
#4 DeGods
Trading Volume (Last 7 days): $4.35 million
Volume Change: +29.88%
Noteworthy for its impressive ascent, DeGods commands attention with its remarkable growth trajectory. The intrigue surrounding this collection is palpable, marking it as a watchful contender in the forthcoming months.
#5 Milady Maker
Trading Volume (Last 7 days): $3.24 million
Volume Change: +53.33%
Emerging as one of the standout performers, Milady Maker has witnessed a remarkable surge in trading volume. The collection’s distinctive aesthetic and exclusivity resonate profoundly with NFT connoisseurs.
In summary, the NFT landscape in September 2023 is dynamically evolving, with these five collections showcasing their enduring impact on the market. As NFTs continue to redefine the boundaries of digital ownership and value, their significance in various creative domains remains undeniable.
