NFT Market Capitalization Surges to $9.3B on Ethereum Rally
The NFT market capitalization has surged to $9.3 billion, marking a significant increase of 40% since July.
This growth is largely attributed to Ethereum's price surge, which has lifted Ethereum-based collections.
CryptoPunks remains the largest NFT collection by market cap at approximately $2.4 billion, followed closely by Bored Ape Yacht Club at $602 million and Pudgy Penguins at $591 million.
All top 10 NFT collections operate on the Ethereum blockchain.