The world of NFTs (non-fungible tokens) is buzzing with excitement once again, and the latest star of the show is the Bored Ape Yacht Club (BAYC). In just 24 hours, BAYC NFTs have seen an incredible 106% increase in sales volume, capturing the attention of collectors and investors alike.

BAYC: Leading the Charge

Bored Ape Yacht Club, a collection of 10,000 unique digital apes created by Yuga Labs, has become a leading force in the NFT market. Earlier this week, BAYC made headlines as its trading volume doubled after crossing a significant price milestone. According to CoinGecko, the floor price of these coveted apes jumped from 9.8 ETH on August 14 to 12.69 ETH on August 15. Although it has slightly adjusted to around 12.58 ETH, BAYC has maintained its position as the top-performing NFT collection for three consecutive days.

The resurgence in BAYC’s popularity is part of a broader revival in the Ethereum-based NFT market. Ethereum, the blockchain network that powers these digital assets, has seen a significant uptick in trading activity. Over the past 24 hours, the total trading volume of Ethereum NFTs reached $6.8 million, marking a 54% increase from the previous day.

Pudgy Penguins Making Waves

While BAYC is leading the charge, another NFT collection, Pudgy Penguins, is also seeing significant growth. Pudgy Penguins, known for its 8,888 unique penguin-themed NFTs, has experienced a 105% increase in trading volume over the past day, with $940,841 in transactions. Its floor price has also seen a rise, climbing from 8.2 ETH on August 12 to 9.6 ETH by August 15.

The recent surge in BAYC and Pudgy Penguins highlights a broader trend in the NFT space, signaling a major revival. With Ethereum at the forefront, the NFT market is once again capturing the imagination of digital collectors and investors around the globe. As the market continues to evolve, these digital assets are proving their staying power in the world of crypto and beyond.

The dramatic rise in sales volume for BAYC and Pudgy Penguins underscores the growing interest and investment in NFTs. As Ethereum-based NFTs take center stage, it’s clear that the digital collectibles market is far from a passing trend—it’s a thriving ecosystem that’s here to stay.