Ethereum NFT Sales Set Weekly Record: Pudgy Penguins Top the Charts
Last week saw a sharp increase in Ethereum-based NFT collections, which brought weekly sales volumes of digital collectibles to $304 million. CryptoSlam, a data tracker, announced on December 21 that Ethereum NFT sales had increased 76% week over week to $201 million. Over the last seven days, this amounts to 66% of the total volume of NFT sales.
In contrast, NFTs based on Bitcoin brought in $40 million, whilst collections based in Solana brought in $29 million. Together, Mythos Chain, Immutable, Polygon, and BNB Chain generated $25.9 million in weekly volume. Additionally, the weekly record exceeds the NFT sales record of $296 million for September, which was the lowest monthly sales volume for digital collections since 2021.
Ethereum was the basis for seven of the top ten NFT collections by sales volume last week. With a volume of $54.4 million, the Pudgy Penguins collection was the week’s top collection. The LilPudgys collection from the initiative, which sold over $20 million, came in second.
NFT Sales Hit $678M in December, Surpassing Monthly Records Since May
Since early December, NFT weekly volumes have been robust. The first week of the month saw $187 million in sales of digital collectibles. With $25 million in sales, the Pudgy Penguins collection was the week’s top seller as well. Although Pudgy Penguins NFTs have the most volume in the NFT sector, its cryptocurrency token is doing worse. Following its debut, the Pudgy Penguins (PENGU) token for the collection fell by more than 50% on December 17.
NFT sales volumes for December surpassed the previous month’s record of $562 million, reaching $678 million in just 21 days. Additionally, the sales record makes December the best-performing month for NFTs since May, when sales totaled $602 million.
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