Daily NFT floor price up until November 29, 2022

At its peak in September 2021, the floor price of any type of NFT trading was around 10 times higher than it was in early June 2021. This indicates that NFT trading became increasingly popular during that time. Floor price - sometimes also referred to as "price floor" - is a term that originates from commodity trading and refers to the lowest price, rather than the average price, at which an NFT can be bought. This metric only arrived over the summer of 2021 as one of the most requested new features within the crypto community, as floor price can reveal the cheapest value a particular NFT sells for. As prices are measured in Ethereum (ETH), buyers also have to take into account other costs - such as the Ethereum gas price or transaction fee.