Enix

DappRadar

April

ApeCoin

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	<p>As the Bored Ape Yacht Club (BAYC) celebrates its second anniversary on April 30th, Yuga Labs, the creative force behind the project, has established itself as a powerful presence in the NFT market.</p>
<p>A recent <a href="https://dappradar.com/blog/yuga-labs-from-nothing-to-the-disney-of-web3-in-2-years" rel="nofollow noopener" target="_blank">report</a> from DappRadar indicates that the company accounted for a staggering 34.6% of the entire NFT trading volume over the past two quarters, amassing over $2 billion in transactions.</p>
<p>Yuga Labs&#8217; success stems not only from the BAYC but also from other associated collections such as the Mutant Ape Yacht Club and the metaverse game Otherside.</p>
<p>Furthermore, the acquisition of CryptoPunks and Meebits NFT projects from Larva Labs in 2022 has contributed to the company&#8217;s significant market share.</p>
<h2 id="impressive-nft-sales-figures">Impressive NFT sales figures</h2>
<p>The Bored Ape Yacht Club, which made its debut in April 2021, currently leads the NFT profile picture (PFP) market with a floor price of 51.45 ETH (around $99,000), closely followed by CryptoPunks at 49.49 ETH ($95,150).</p>
<p>The collection, comprising 10,000 unique profile pictures minted as NFTs on the Ethereum blockchain, experienced a peak floor price of 152 ETH ($429,000) in April 2022, ahead of the release of Otherside land plots.</p>
<p>According to the DappRadar report, BAYC generated $504 million in NFT sales during the last two quarters. The Mutant Apes contributed nearly $483 million, while Otherside land deeds brought in over $322 million.</p>
<p>Yuga Labs has also ventured beyond <a href="https://crypto.ro/en/cryptocurrencies/ethereum/">Ethereum</a> by launching <a href="https://crypto.ro/en/news/yuga-labs-first-bitcoin-nft-auction-earns-16-5m-in-24-hours/">TwelveFold</a>, a collection of 300 generative NFTs on the <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> network using Ordinals Inscription, which raised $16.5 million in sales during its initial auction.</p>
<p>The soaring popularity and value of NFT collections like Bored Ape Yacht Club have given rise to a $1 billion industry, where individuals can borrow money against their NFT holdings.</p>
<p><a href="https://www.yuga.com" rel="nofollow noopener" target="_blank">Yuga Labs</a>&#8216; unwavering commitment to providing value and nurturing its NFT holder community has enabled it to create a lasting and influential presence in the NFT and dapp world.</p>
<p>The company&#8217;s success in various domains, such as the metaverse and <a href="https://crypto.ro/en/news/gucci-partners-with-yuga-labs-for-metaverse-fashion-fusion/">NFT fashion</a> sectors, is a testament to its foresight and ability to capitalize on emerging trends.</p>
<h2 id="ape-token-trading-at-a-1-48b-market-cap">APE token trading at a $1.48B market cap</h2>
<p>The <a href="https://crypto.ro/en/cryptocurrencies/apecoin/">APE</a> token, linked to Yuga Labs&#8217; gaming ventures is trading at $1.48 billion market cap.</p>
<figure id="attachment_21173" aria-describedby="caption-attachment-21173" style="width: 1916px" class="wp-caption alignnone"><img decoding="async" class="wp-image-21173 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/04/ApeCoin-to-USD-Chart.png" alt="ApeCoin to USD Chart" width="1916" height="1028" srcset="https://crypto.ro/en/wp-content/uploads/2023/04/ApeCoin-to-USD-Chart.png 1200w, https://crypto.ro/en/wp-content/uploads/2023/04/ApeCoin-to-USD-Chart-300x161.png 300w, https://crypto.ro/en/wp-content/uploads/2023/04/ApeCoin-to-USD-Chart-1024x549.png 1024w, https://crypto.ro/en/wp-content/uploads/2023/04/ApeCoin-to-USD-Chart-768x412.png 768w, https://crypto.ro/en/wp-content/uploads/2023/04/ApeCoin-to-USD-Chart-750x402.png 750w, https://crypto.ro/en/wp-content/uploads/2023/04/ApeCoin-to-USD-Chart-1140x612.png 1140w" sizes="(max-width: 1916px) 100vw, 1916px" title="Yuga Labs&#039; unrivaled NFT market dominance 1"><figcaption id="caption-attachment-21173" class="wp-caption-text">ApeCoin to USD Chart | CoinMarketCap</figcaption></figure>
<p>This achievement positions the token as a leading gaming token, competing with established Web2 gaming companies like Ubisoft ($3.46 billion market cap) and Square Enix ($6 billion market cap).</p>
<p>As Yuga Labs commemorates the second anniversary of the Bored Ape Yacht Club, its success serves as a shining example for others in the industry. The company&#8217;s ability to maintain a strong foundation and engage with its community has proven to be a winning formula in the world of NFTs and dapps.</p>

Yuga Labs’ unrivaled NFT market dominance

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