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What Is a Floor Price?

The floor price is the cheapest listed item in an NFT collection. If the least expensive listed piece costs 2 SOL, the floor is 2 SOL. It has become the default price signal for entire collections, which gives one single listing a lot of power over how rich everyone feels.

How It Actually Works

Marketplaces scan all active listings in a collection and display the lowest ask. It moves when that listing sells or gets delisted, or someone lists cheaper. Serious venues also show the best collection-wide bid, the price you could actually sell into right now. On Tensor this shows as "sell now" next to the floor, and the gap between the two numbers is an honest measure of how healthy the market really is. Wide gap, weak demand.

Risks and Common Mistakes

• Floor times items is not wealth. Valuing a 10-NFT bag at ten times floor assumes ten buyers appear at that price. In thin collections they will not. See liquidity.
• Floors are gameable. A few coordinated delistings or wash trades can paint a rising floor to lure buyers.
• The floor item is the worst item. By definition. Rarity pricing above the floor is even less liquid.

When It Matters

Tracking any NFT position, and especially deciding when to exit one. Compare floor to best bid, not floor to your dreams. Marketplace mechanics live in my OpenSea and Tensor reviews, and the broader skepticism lives on my NFTs page.

Related Terms

• NFT
• NFT marketplace

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