As NFT Volumes Peak, Here\'s How BAYC and Cool Pets Have Been Faring
After a meteoric rise and a painful crash, the NFT market is showing signs of life again. Recent data highlights an uptick in both sales volumes and floor prices, with iconic NFTs experiencing a resurgence.
But how are the biggest names performing amidst these fluctuating fortunes? Specifically, how are Bored Ape Yacht Club (BAYC) and Cool Pets navigating this evolving landscape?
BAYC: Maintaining Dominance Despite Market Swings
Despite broader NFT market corrections, BAYC continues to hold its position as a leading NFT collection. This week, Karafuru and Azuki remain in the Top 5, while more renowned collections like BAYC and CryptoPunks reclaimed their position in the Top 5 in terms of total volume traded. BAYC has led the global NFT charts for three consecutive days. The collection saw $1.4 million in trading.
However, the journey hasn\'t been without its challenges. According to Opensea’s historical data, blue-chip NFTs such as BAYC and Doodles have fallen by more than 90% from their peak prices. This phenomenon is not only Although it has settled slightly, currently around 12.58 ETH. Data from NFTPriceFloor showed that BAYC peaked at 128 ETH in May 2025, but amid the broader NFT cool-off, its price floor plunged around 80% since then.
BAYC’s 30-day statistics show a 41% decline in trading volume to 11.5K ETH and a 27% drop in sales to 987 units, further underscoring the bearish sentiment.
Cool Pets: A New Contender Emerges
While BAYC grapples with market fluctuations, other projects are vying for attention. Cool Pets is one such project, establishing itself within a short period.
Cool Pets will be Ethereum NFTs (ERC-721s) and begin as eggs. Holders will use items (ERC-1155s) to interact with their eggs and develop them into their ultimate form.
The Broader NFT Landscape and the Future of BAYC
With BAYC managing to maintain its dominance, Cool Pets being able to establish itself within a short period, and other similar projects upping their game, the Solana NFT volume surged to $130 million in September, and Gary Vaynerchuck’s VeeFriends are set to be released as collectibles at Macy’s and Toys “R” Us.
As we approach 2025, will Bored Ape Yacht Club retain its dominance as the top NFT collection? This article explores emerging rivals like Azuki, Moonbirds, and Goblintown, factors that fueled