• Bored Ape Yacht Club (BAYC) holders have been in profit as demand for the NFT increased, with the APE token price rising and network growth declining.
• It was discovered that BAYC and related assets made up 50% of the overall Ethereum NFT volume in the past week, with the staking TVL and sales for BAYC also increasing.
• Mutant Ape Yacht Club (MAYC) also saw a 14.30% price growth in the last month, with most NFT collections in the BAYC cohort witnessing interest from the crypto space over the last summer.

The crypto space has been a roller coaster ride over the last year, with the market experiencing both highs and lows. Despite this turbulence, one asset has continued to outperform the rest: Bored Ape Yacht Club (BAYC). BAYC holders have been in profit as demand for the NFT increased, with the APE token price rising and network growth declining.

It was recently discovered that BAYC and related assets made up 50% of the overall Ethereum NFT volume in the past week. This high level of interest and demand for BAYC and related assets was reflected in the growing profitability of BAYC holders. Furthermore, the TVL collected by staking BAYC also increased, according to data provided by Dune Analytics. This was a positive sign for the network’s growth and adoption, although the APY generated by staking this asset declined materially, which could be a cause for concern for investors.

Sales for BAYC also surged with a 140% increase over the last 24 hours, according to Dapp Radar. This is a positive sign for the NFT collection’s future growth and profitability. The average price for Mutant Ape Yacht Club (MAYC) also grew along with the number of holders holding the NFT collection. Its price grew by 14.30% in the last month, according to NFTGO.

Overall, the increasing demand for BAYC and related assets has been a positive sign for the crypto space, with BAYC holders benefiting from the increase in value. The network’s staking TVL, sales volumes, and MAYC prices have also been on the rise, indicating interest from the crypto space and a potentially promising future for BAYC holders. With all of these developments, it appears that BAYC holders are in for a profitable summer.