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Ethereum Price Struggles but These NFT Prices Are Pumping


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Source: Unsplash

The price of Ethereum’s native token ETH may be struggling, but some NFTs are flying high in the market following the network’s highly anticipated transition to proof-of-stake.

The NFT collections that seems to have enjoyed a boom in popularity over the past week include Bored Ape Yacht Club, RENGA by DirtyRobot and Gods Unchained, which recorded weekly trading volumes of $6.6m, $6.1m and $4.9m, respectively, according to DappRadar. The biggest gainer among them was Gods Unchained, which saw its trading volume rise by 391% compared to the week before.

Top NFT collections by weekly trading volume. Source: DappRadar

While Bored Ape Yacht Club is relatively well-known, RENGA by DirtyRobot and Gods Unchained are less known NFT collections in the community.

The Web3 domain name service Ethereum Name Service was ranked as the 6th most traded NFT collection over the same time period, after ranking as the most popular NFT collection earlier this month.

Despite some NFT collections seeing a surge in popularity,…

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