Nansen: Market Capital for Ethereum NFTs Reach $11.3 Billion

Well-known Cryptocurrency, DeFi, and $NFT analytics platform Nansen has revealed that the current estimated market capital for Ethereum NFTs is 7.04M $ETH ($11.3 Billion). As per the on-chain data firm, this market cap estimation holds true for the top 1500 Ethereum $NFT collections.

As per the list of top 10 Ethereum $NFT collection with respect to its market capital, CryptoPunks has the largest market capital of 1.05 Million $ETH (USD $1.6 Billion). The $NFT collection has seen a jump of 2.7% in its floor price in the past 24 hours. Another popular $NFT collection, Bored Ape Yacht Club has a market cap of 957,255 $ETH (USD 1.5 Billion).

Otherdeed by Otherside has grabbed the third position on the list of top $ETH $NFT collections, with the market cap of 363,988 $ETH ($584 Million). Mutant Ape Yacht Club is third on the list with the all-time market capital of $318,890 $ETH (USD 511 Million).

Chiru Labs’ Azuki has a market capital of 192,853 $ETH and is fifth on the list of all-time top $ETH $NFT collections.

Sixth on the list is Chromie Squiggle $NFT Collection which is created by Snowfro (AKA Erick Calderon) and has a market capital of 186,214 $ETH. Popular Japanese artist, Takashi Murakami’s CloneX has a market capital of 141,053.$ETH (US$ 226 Million) and ranks seventh.

Fidenza with 124, 584 $ETH is eighth on the chart of the largest $NFT collection in terms of Market Capital.

Doodles is in the ninth position when it comes to its market capital of 91, 766 $ETH, and Moonbirds which has a collection of 10000 PFPs is last on the list with a market cap of 88,290.