- Azuki NFT trading volume has skyrocketed by more than 100% in 24 hours, demand has been updated, and liquidity has increased.
- Daily sales have almost doubled, indicating that buyers’ activities are gaining momentum in the Azuki NFT market.
Prices for Azuki Digital Collectible are being scrutinized again after a sharp increase in the last 24 hours.
Coingecko’s latest data shows the average Azuki NFT is around $8,130.24, or about 1.78 ETH, an 11.7% increase from the previous day.
Not only has prices risen, but trading volumes have also surged dramatically, increasing 117% to $707,604, a rare sight in recent weeks. This increase clearly shows a strong surge in buying market interest.
Source: Coingecko
Rising activities highlight the dynamics of azuki’s healthier market
During the same period, there were 88 sales recorded, an increase of 91.3% compared to the previous day. The average selling price also rose to $8,032.86, up over 13%.
Combined, these trends show that not only are buyers more active, they are willing to spend more to acquire Azuki units.
The total market capitalization of this collectible is currently at $81.3 million. Of the 10,000 assets in circulation, approximately 4,299 are held by unique owners, or 42.99%. This distribution of ownership is generally considered sound to maintain liquidity stability.
Interestingly, a few months ago, CNF recorded a surge in Azuki trading volume of up to $29.3 million in a week, up 106% compared to the previous week. At the time, the number of unique owners was recorded at 4,872. This figure is slightly different from current data, but it has proven that the Azuki community still has a solid fan base.
Furthermore, inter-industrial collaborations are also attracting attention. Recently, Swiss luxury watchmakers H. Moser & Cie. In partnership with Azure and US retailers, they released a limited edition collection of watches called The Elements of Time.
The 100-piece collection sold out quickly, generating around $2.7 million. Interestingly, the watch uses NFT systems and digital twins to verify reliability, demonstrating how the physical and digital worlds can be seamlessly integrated into the luxury segment.
The NFT market shifts focus from speculation to real utilities
Although some major collections saw a 50-60% drop in volume in September, total sales for the month still reached $551 million. This figure shows that the NFT market remains highly attractive, despite the current trends highlighting utility over mere speculation.
By 2025, the NFT market is projected to have a market capitalization of nearly $49 billion, indicating that the sector has not lost its relevance.
For Azuki, this situation presents an opportunity. These collections are not only known for their visual appeal and community popularity, but also for their success by forking into real-world projects that add value to their owners.