The iconic NFT collection CryptoPunks appears to be making a comeback this year amidst the ongoing NFT bear market.
However, CryptoPunks achieved a rare feat by increasing its market share by 10% in a single year, growing from 23.6% to 33.6% in 2023. Despite a slight decline since the start of this year, CryptoPunks remains the largest NFT collection, holding over 29.5% of the market – more than double any other collection’s share.a notable decline in market dominance, falling from a 29.3% peak in January 2022 to 12.8% in October 2024, with its floor price also significantly down from its May 2022 high.
Milady Maker, too, joined the top 10 in August 2023 with a 2.5% share and has maintained its place since April 2024, gradually increasing its market share to 4.5% by October.