CryptoPunks dominates NFT leader board with $15 million daily trading volume

CryptoPunks dominates NFT leader board with $15 million daily trading volume

In the past 24 hours, collections from Ethereum-based digital art app CryptoPunks, have dominated the NFT marketplace. According to a tweet from Larva Labs, CryptoPunks did around $15 million in trading volume within 24 hours.

Apart from DeFi, the non-fungible token (NFT) market has gained a lot of traction in recent times. Several celebrities have also jumped on the NFT train.

For some context, NFTs are cryptographic representations of tangible or intangible assets on the blockchain. NFTs represent ownership of the underlying asset they are linked to, whether real estate, books, art, or just about anything.

In the case of CryptoPunks, these are 24x24 pixel “punky-looking” art images, generated algorithmically. The project was launched in June 2017 by Larva Labs as the first NFT on the Ethereum blockchain.

That being said, while each collectible was free to claim by anyone with an Ethereum address, the cheapest piece now goes for nearly $40,000.

As disclosed by Larva Labs, a single buyer has purchased 34 limited-edition CryptoPunks for 557.5 ETH (equivalent to $1 million). As of press time, the same buyer had active bids for three other CryptoPunks NFTs. Following the rising demand from NFT fans, trading volumes shot up to over $15 million.

Check our guide of the most promising crypto

Read more

$70M Committed to Boba Network as Foundation Concludes BOBA Token Agreement with FTX Recovery Trust

$70M Committed to Boba Network as Foundation Concludes BOBA Token Agreement with FTX Recovery Trust

Grand Cayman, Cayman Islands, July 1st, 2025, Chainwire Boba Governance Foundation today announced a significant milestone with a $70 million capital commitment secured from Awaken Foundation and LDA Capital to fund the continued development and ecosystem expansion of Boba Network, the leading Layer-2 blockchain for AI-powered decentralized applications (dApps), enabled

By John Williams