NFT today volume reaches the second highest of the year! Bored Apes Yacht Club has a big pump of 82% in a week, is the market going to rebound?

According to DUNE data, the Non-fungible Token market volume today has surpassed $42.01 million, marking the second highest single-day volume of this year. Classic blue-chip project Bored Ape Yacht Club (BAYC) has seen its Floor Price rise nearly 82% in the past 7 days, while Apecoin has also risen strongly by nearly 52% in the past 30 days, indicating a recovery trend in the Non-fungible Token market. According to data by Cryptocurrency venture capital firm Dragonfly, the Non-fungible Token market volume saw significant growth on November 30 and December 1. The total volume of Non-fungible Tokens surpassed $42.01 million on December 1, marking the second highest single-day volume this year, second only to $53.3 million on March 4. In terms of trading markets, Blur platform's volume accounted for nearly 60%, reaching $25.1 million, followed by OpenSea with a volume of over $10.92 million, and the classic blue-chip project CryptoPunks contributed $3.62 million in volume, ranking third. In terms of on-chain analysis, the volume on the Ethereum chain exceeded $40.17 million, accounting for nearly 96%. Additionally, according to CryptoSlam data, the on-chain Non-fungible Token trading activities on Ethereum and BTC have seen a significant rebound. Ethereum's on-chain Non-fungible Token sales surpassed $200 million in November, reaching $23.15 million at the time of writing, a new high since May this year, with a 22% increase in a single month. However, both the number of trades and transactions have decreased, indicating a rebound in the price of Non-fungible Tokens. BTC Non-fungible Token has also seen a more significant recovery, with on-chain Non-fungible Token sales surpassing $185 million in November, reaching the highest level since June, with a 102% increase in a single month. The recent surge in Non-fungible Token volume might be related to the rebound in Floor Prices of classic blue-chip projects and the strong rise in Ethereum's coin price in November. According to Blur data, several blue-chip projects have seen significant rise in the past 7 days. Bored Ape Yacht Club (BAYC) has risen over 81.49%, with a Floor Price of 21.96 ETH (about $81,000). Mutant Ape Cryptos (MAYC) has risen over 91.7%, with a Floor Price of 3.83 ETH (about $14,000). PudgyPenguins has risen over 27.42%, with a Floor Price of 14.59 ETH (about $54,000). In addition, Non-fungible Token-related concept coins have also seen significant rise in November. Apecoin, the ecological token of Bored Ape Yacht Club, briefly surged to $1.61 last night, reporting $1.51 at the time of writing, with a rise of 51.8% in the past 30 days. Blur rose above 1.41 yuan this morning, temporarily reporting $0.385, with an 81% surge in the past 30 days.