TechFlow News: On May 10, according to CoinDesk, the floor price of Bored Ape Yacht Club (BAYC) NFTs rose from approximately 5 ETH to over 10 ETH within the past month. During the same period, ApeCoin (APE) rebounded from below $0.10 to around $0.16, with trading volume notably expanding. Meanwhile, recurring security vulnerabilities and persistently declining yields in the DeFi sector have driven some capital toward the NFT market.
The financialization trend in the NFT space is also intensifying. Recently, a $2.8 million loan collateralized by a CryptoPunk attracted widespread attention; the lender is expected to earn approximately $138,000 in interest over a 90-day term. Blue-chip collections such as Pudgy Penguins have also strengthened concurrently, while market expectations surrounding a potential token launch by OpenSea have further boosted sentiment.
