Floor Price

The floor price is the lowest listed price for a non-fungible token (NFT) in a specific collection, representing the minimum entry cost for buyers. It’s a crucial metric for gauging a collection’s market demand and perceived value.

Why It’s Important in NFTs

A rising floor price often indicates growing interest or hype around an NFT project, while a falling floor price may suggest waning demand. Traders and collectors watch the floor price to assess market trends, make investment decisions, or identify opportunities to buy in early.

What It Reflects

While it doesn’t represent the average or true value of the collection, the floor price acts as a market signal for how the community values the project at a given time. Factors like rarity, utility, and creator reputation can all influence it.