Non-fungible token (NFT) collections are experiencing a strong upswing and yesterday, December 21, they reached a weekly sales volume of over $304 million, including assets from all networks, figures not seen since April 2024.
According to data from the CryptoSlam explorer, this increase was driven by the performance of NFTs on the Ethereum network, which experienced a rise of 76% compared to the previous week, reaching a sales volume of 201 million dollars.
The strong performance of these last 7 days surpasses the $296 million in NFT sales for all of September, when digital collections had their lowest monthly volume since 2021. Bitcoin NFT collections, meanwhile, saw $40 million in sales, while Solana-based collections saw $29 million. Meanwhile, Mythos Chain, Immutable, Polygon and BNB Chain had a sales volume of over $25 million in the last 7 days. Another fact worth highlighting is that 7 of the top 10 NFT collections with the highest sales volume originate from Ethereum.
Ethereum NFT collections dominate the NFT market. Source: CryptoSlam .
The Pudgy Penguins collection recorded $51 million in volume and was the best performer for the week of December 16-22.
This growth was driven by the launch of its native token Pudgy Penguins (PENGU). PENGU debuted on the market with a rise of more than 500% and a market capitalization of more than $2 billion.
Although the NFT collection is originally from Ethereum, the token operates on the Solana network and has a total supply of 88,888,888,888 PENGU. According to data from CoinGecko, Pudgy Penguins is one of the largest NFT projects on the market, valued at over $531 million.
