Top Four Decentralized NFT Applications Driving $10 Million Volume

Deepshikha  |  Mar 16, 2021

According to DappRadar, the four-largest decentralized NFT applications are driving $10 million in volume each day. The excitement circumventing NFTs is showing no signs of slowing down. 

DappRadar, a decentralization data aggregator, says that CryptoPunks, Mooncats, NBA Top Shot, and Sorare constitute more than $10.57 million worth of secondary NFT sales in 24 hours. However, overall NFT Dapps volumes are commanded by these top four. The total daily volume of the 10 largest Dapps equated to $12.27 million.

Decentralized NFT Applications Rankings by DappRadar

Pioneering NFT projects for example CryptoPunks ranks second by volume with $4.28 million. The project ranks poor in terms of the number of transactions - with 85 users executing 69 traders. Another one that ranks third is the Mooncats, volumes $1.02 million. 

Having the fourth number by trade volume, the fantasy football game Sorare traded $881,700. NPA Top Shot’s secondary marketplace is the dominant NFT DApp by all parameters. With 30,944 traders, driving 30,372 transactions worth $4.62 million in 24 hours. 

Sorare Announced a One-of-A-Kind NFT 

Sorare announced a unique NFT depicting that star player Cristiano Ronaldo of Juventus F.C. had traded for nearly $290,000 on March 14th. This sets a new record for the value of a single token sold on the platform. 

Alien Worlds, a popular WAX-based game among users, is ranking second with 1,172 traders and third with 3,705 transaction activity. Digital art and collectibles marketplace, Rarible, is also ranking prominently at fifth position with a $530,000 volume trade. Sporting collectibles also seem to surge in popularity with Top Shot and Sorare’s 32,894 users driving $5.3 million worth of trade. Bids for "GRONK Career Highlight Refractor Card," a collage of the four illustrations. The NFT started roughly at $110, with bidders quickly pushing prices above six-figures. During the closing stages of the auction, bids pushed the price from $150,000 to more than $400,000. 

The sale outfoxes NBA Top Shot’s record NFT sale, with the token depicting highlights from Los Angeles Lakers’ Lebron James selling for $208,000. However, a single Top Shot collector recently turned down a $1 million bid for a token, celebrating New Orleans Pelicans’ Zion Williamson.

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