Top NFT Collection by Market Cap – BAYC Secures First Position

• The top NFT collections by market cap value are listed. 
• DappRadar sources claim that BAYC holds the top position.
• BAYC features 10,000 NFT collections which are unique.

Non-fungible tokens (NFT) are popular for their unique value while the NFT collection is basically a collection of unique NFTs. However, the NFT marketplace is a platform where NFT creators and artists are gathered together. It represents real-world images, videos, and game characters in the form of digital arts.  These blockchain-based cryptographic assets possess unique identification codes and metadata that separate them from one another.

Since last year, the NFT sales have reached highs while it was the trend of 2021 in the crypto sector. “Beeple” is the foremost NFT that attracted most of the investors while other popular NFTs queued the list. As of now, Bored Ape Yacht club is one of the prominent NFT collections in the market which attained huge gains. Let’s have a look at the top NFT collection by market cap.

BAYC and Crypto Punks Leads the List

According to the source from DappRadar, a platform to explore dApp data shares the top NFT collections by market cap. The top NFTs by market cap are Bored Ape Yacht club, Crypto Punks, Mutant Ape Yacht club, Moonbirds, and Otherdeed. These have acquired the top positions when arranged by market cap value.

As per CryptoDiffer, the market value of the NFT collection is equal to the floor price multiplied by the entire supply of NFTs. The market cap value of BAYC and Crypto Punks are $1.41B and $1.22B respectively. The rest follows with $536M, $413M, and $412M as market cap value respectively. 

Furthermore, the chart consists of the following 10 top NFT collections along with market cap value and floor price. Although, BAYC leads the list while it has hit the audience of the crypto market differently. It also features a collection of 10,000 unique Bored Ape NFTs which are unique existing on the Ethereum blockchain.