Ethereum NFTs Exposed: Is the BAYC Hype Train Derailing?

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  • BAYC’s unimpressive performance dragged it down to the 13th position in terms of NFT sales.
  • Sales of collections built on Ethereum also dropped.

Bored Ape Yacht Club [BAYC] was one of the worst-performing collections in the NFT market after sales decreased by 54.86% in the last 24 hours.

According to AMBCrypto’s analysis of CryptoSlam, two Bitcoin [BTC] Ordinals’ collections had more sales than BAYC.

As a result, the Yuga Labs-developed project was number 13 on the market standings. At press time, BAYC’s volume was $582,977. Uncategorized Ordinals was number one with sales worth over $9 million.

Solana [SOL]-based Mad Lads also topped Bored Ape as its sales increased by 33.01%.

BAYC decrease in sales volume

Source: CryptoSlam

However, BAYC was the not only popular NFT built on the Ethereum [ETH] blockchain with unimpressive numbers.

Pudgy Penguins’ sales also plunged by double-digits. However, the likes of Crypto Punks and Pandora did not follow the…

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