PANews reported on November 9 that according to data disclosed in the NFT report released by CoinGecko, CryptoPunks currently dominates the NFT market, with a 30.9% share in the top series, and its top position has been consolidated since it surpassed Bored Ape Yacht Club (BAYC) in May 2023. Previously, in early 2022, CryptoPunks' dominance was 24.8%, lagging behind the then leader BAYC's 29.3%. Although CryptoPunks briefly surpassed BAYC in November 2022 and then slipped to second place, due to its more elastic reserve price, this pixel art NFT successfully maintained a narrow market share gap and regained the top spot in May 2023.
Notably, CryptoPunks is the only NFT collection to see its dominance increase by 10.0 percentage points in one year, growing its market share from 23.6% to 33.6% in 2023. While CryptoPunks’ dominance has declined slightly since the beginning of the year, it remains the largest NFT collection to date, with a market share of over 29.5%, more than double the dominance of any other collection.
In addition, CryptoPunks and BAYC are the only two NFT series that have been ranked in the top 10 by average monthly market value since 2022. In the past three years, the other five series have also frequently entered the top 10, but have failed to maintain continuity: Mutant Ape Yacht Club (MAYC), Azuki, Autoglyphs, Snowfro's Chromie Squiggle, and Tyler Hobbs' Fidenza. Based on the average monthly market value in October 2024, the market share of the top ten NFT collections is as follows:
