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Traditionally, non-fungible tokens (NFTs) are illiquid unless another crypto user is willing to buy. NFTx is a platform that solves the problem of illiquidity by creating liquid markets for NFTs. With NFTx, users are able to their NFTs into a vault to mint a fungible ERC20 asset (vToken) that represents a claim on a random NFT in the vault. At any point later in time, users can redeem a specific NFT from the vault with their vTokens.
In this post, we want to know the top NFT assets that have been redeemed from NFTx vaults in the past 60 days. The table below shows the top 10 redeems and their respective volume in 60 days.
Out of the top 10, Milady is accountable for 19.2% of sales volume, followed by Doodles with 17.6%, and BAYC with 13%.