Nonfungible token (NFT) trading volumes on OpenSea have been surging in Jan amid a renewed speculative frenzy on Yuga Labs' "Bored Ape Yacht Club" (BAYC) and "Mutant Ape Yacht Club" (MAYC).

According to data posted by Rchen8 on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the start of 2022, with Monday beingness the biggest twenty-four hours of the year with a whopping $255.8 one thousand thousand worth of 24-hr volume.

While popular onlookers, such as Wu Blockchain, have asserted that the volume on Monday was a record high for OpenSea, previous data posted by Rchen8 on Dune Analytics shows that Aug. 29 saw the all-time loftier (ATH) of $322 million.

In December, OpenSea'south monthly volume topped $iii.24 billion and fell just 5.3% brusk of the platform'south ATH in August of $3.42 billion. With the NFT marketplace already conducting more than than $700 meg worth of trading book within the start 4 days of January, the tape highs may shortly be broken if the momentum continues throughout this calendar month.

Bored Ape mania

A gene that may be contributing to OpenSea's surging volumes is the recent mania surrounding the BAYC and MAYC NFTs along with a handbasket of other projects from Yuga Labs.

Data from CryptoSlam shows that the MAYC is currently the top-ranked NFT project in terms of seven-24-hour interval volume on secondary markets at $93.2 one thousand thousand, with the BAYC NFTs following closely backside in second with $88.four million.

Related: Bored Ape Yacht Lodge NFTs grab up to CryptoPunks, flips floor toll

Over the past 30 days, the MAYC and BAYC projects have generated $189.7 million and $182.6 meg, respectively, making them the third- and fourth-highest ranked NFT collections at the time of writing.

In terms of 24-hour volume, the MAYC has garnered $18.7 million worth of secondary volume, while the BAYC has generated $14 million. According to OpenSea, the electric current floor toll for BAYC NFTs is a hefty 67 Ether (ETH) worth roughly $250,000, while the MAYC NFTs are currently going for 15.87 ETH, or $59,300.

In January so far, several pop-civilization icons, such as rapper Eminem, musician Britney Spears and comedian Dave Chappelle, have all been reportedly snapping up BAYC NFTs for 6-effigy sums this calendar month.