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Nansen: Market Capital for Ethereum NFTs Reach $11.3 Billion

source-logo  coinedition.com 26 January 2023 14:15, UTC

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).

We have market cap for the NFT collections but not in comparison to ETH or BTC history mcap – perhaps it's something we could add to our NFT Trends dashboard 👍

The current estimated mcap for ethereum NFTs (top 1500 collections) is 7.04M ETH ($11.3B) https://t.co/YkKdm6DcRA pic.twitter.com/MYvMTTWNVZ

— Nansen 🧭 (@nansen_ai) January 26, 2023

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.