NFTs Weekly Sales Jump 12% To Reach +$200M

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Non-fungible tokens, which used to be the talk of the streets in December 2021 and January 2022, are back again on hype after suffering more than two years of brutal downturn. Even though several NFT collections are still down in value, most NFT collections have made a remarkable resurgence in the past few weeks. In this article, we shall explore the state of the NFT market in the past seven days.

NFT Sales Pump 12% In The Past 7 Days

Data compiled by CryptoSlam.io, a renowned non-fungible token collection explorer backed by the crypto billionaire investor Mark Cuban, shows that the global non-fungible token market has surged again in sales this past week. From December 09 to December 16, 2024, the global NFT market has raised a trading sales volume of $203 million, up 12% from the previous week.

Ethereum, the same blockchain network powering Ethereum (ETH) and renowned in the NFT market for hosting the majority of blue-chip non-fungible token collections, has been the most traded blockchain network in the NFT market this past week. From December 09 to December 16, 2024, the Ethereum-based NFT collections have amassed a trading sales volume of $96 million. During this period, the Ethereum NFT sales volume has surged 11.94% from the past week.

Bitcoin, the blockchain network hosting the flagship crypto Bitcoin (BTC) and renowned in the NFT market for powering Ordinals, Runes, and BRC-20 NFT collections, has been this past week’s second most-traded blockchain network in the NFT ecosystem. From December 06 to December 16, 2024, the Bitcoin-based NFT collections have amassed a sales volume of $53 million. During this period, Bitcoin NFT trading sales volume has surged by 18.66% from the past week.

Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this past week’s third most-traded NFT blockchain network in the NFT market. From December 09 to December 16, the Solana-based NFT collections have recorded a trading sales volume of $23 million. During this time, Solana NFT sales have surged by 43% from the past week.

Mythos Chain and Immutable, a layer two blockchain network renowned in the NFT market for powering most NFT games, are this past week’s fourth and fifth most-traded blockchain networks in the NFT market. From December 09 to December 16, 2024, the Mythos-based NFT collections have raised a trading sales volume of $10 million, while Immutable X-based NFTs have amassed a trading sales volume of $7.4 million.

Top Selling NFTs In The Past Week

1. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from the digital asset firm Igloo Inc. featuring a limited edition of 8,888 NFTs hosted on the Ethereum blockchain network, has been this past week’s most-selling NFT collection in the NFT market. From December 09 to December 16, 2024, the Pudgy Penguins NFT collection has amassed a trading sales volume of $22 million. During this period, the Pudgy Penguins NFT sales volume has plunged by 5.39% from the past week.

2. $?? BRC-20 NFT Collection

$?? , a non-fungible token collection created on the Bitcoin network using the BRC-20 protocol, is this past week’s second most-selling NFT collection in the NFT market. From December 09 to December 16, the $?? BRC-20 NFT collection has raised a trading sales volume of $15 million. During this period, the $?? BRC-20 NFT trading sales volume has surged by 54% from the past week.

Source: Cryptoslam.io, Five top-selling NFTs in the past 7 days

3. Lil Pudgy NFT Collection

Lil Pudgy, another non-fungible token collection from the digital asset firm Igloo Inc. featuring a limited edition of 22,222 NFTs hosted on the Ethereum blockchain network, has been this past week’s third most-selling NFT collection. From December 09 to December 16, the Lil Pudgy NFT collection has amassed a trading sales volume of $11 million. During this period, the Lil Pudgy NFT sales volume has surged by 290% from the past week.

4. Bitcoin Uncategorized NFT Collection

Bitcoin Uncategorized, a non-fungible token collection created on the Bitcoin network featuring a diverse assortment of digital assets that have not yet been identified as part of an established collection, has been this past week’s fourth top-selling NFT collection. From December 09, 2024, to December 16, 2024, the Uncategorized NFT collections have amassed a trading sales volume of $9.5 million. The Uncategorized NFT sales volume has pumped 12.32% from the past week.

5. Azuki NFT Collection

Azuki, a non-fungible token collection from the digital asset firm Chiru Labs featuring a limited edition of 10,000 anime-themed NFTs hosted on the Ethereum blockchain network, has been this past week’s five most-selling NFT collection. From December 09, 2024, to December 16, 2024, the Azuki NFT collection recorded a trading sales volume of $5.9 million. The Azuki NFT sales volume has surged by 47% this past week from the previous week.