CryptoPunks surpasses BAYC in market cap as blue chip NFTs continue battle

0
51
  • CryptoPunks’ market share rose to 8.63% while BAYC dipped below 8%.
  • Wrapped CryptoPunks accounted for over 25% of the total NFT sales.

The Non-Fungible Token [NFT] landscape, like other crypto verticals, faced its share of downsides following the USD Coin [USDC] depegging saga. The focus has now shifted to the ensuing battle unfolding between blue chip NFTs CryptoPunks and Bored Ape Yacht Club [BAYC].

As per a 19 March tweet, the market capitalization of CryptoPunks eclipsed BAYC with a value of over 847,000 Ether [ETH] as compared to the latter’s value of about 778,000 ETH at the time of writing. With this, CryptoPunks’ share of the market rose to 8.63% while that of BAYC dipped below 8%.

Additionally, the…

Read more…