nft market sales have surged amid mixed cryptocurrency price action, with bitcoin reclaiming the $100,000 level while ethereum retreated from last week's $4,000 mark.
The global cryptocurrency market capitalization has contracted slightly to $3.63 trillion from $3.67 trillion last week according to data from CoinMarketCap.
According to the latest data from CryptoSlamThe nft market has increased by 16.36%, with total sales volume reaching $224.5 million. However, the data shows that the number of unique buyers has decreased by 73.97% to 180,641.
ethereum network sees 21% surge
The ethereum (eth) blockchain continues to dominate with $118.9 million in sales, showing a 21.33% increase from the previous period. The network has seen an increase in wash trade, which increased by 117.35% to $43.8 million.
Sales of the bitcoin (btc) nft ecosystem have reached $51.8 million, an increase of 14.79%. The network's wash trading has shown a moderate increase of 11.30%, suggesting relatively cleaner trading activity compared to ethereum.
<img decoding="async" width="878" height="555" src="https://crypto.news/app/uploads/2024/12/image-5.png” alt=”nft sales rise to $224 million, Pudgy Penguins sales rise 50% – 1″/>
Solana (SOL) has strengthened its position with $21.4 million in sales, a growth of 32.12%. Mythos Chain (MYTH) and ImmutableX (IMX) round out the top five, with sales of $10.9 million and $8.5 million, respectively.
The ranking of the collections has undergone major changes: Pudgy Penguins (the collection consists of 8,888 unique penguin avatars) maintained its first position. Its sales volume reached 30 million dollars, which represents an increase of 51.53% compared to the previous period.
Pudgy Penguins has evolved beyond simple digital art; The brand is now exploring various licensing opportunities, including physical products and toys inspired by nft characters.
BRC-20 nfts maintain strong performance with $15.5 million in sales, showing an increase of 54.63%. A notable newcomer, LilPudgys, has shown a 1,021.54% increase in sales, reaching $13.5 million.
Azuki and Guild of Guardians Heroes round out the top five, with Azuki showing particular strength with a 179.46% increase in sales.
<img loading="lazy" decoding="async" width="1024" height="417" src="https://crypto.news/app/uploads/2024/12/image-6-1024×417.png” alt=”nft sales rise to $224 million, Pudgy Penguins sales rise 50% – 2″/>
Notable individual sales this week include:
- SuperRare #37380 sold for $425,103 (108.3 WETH)
- Autoglyphs #319 sold for $394,317 (100 WETH)
- BOOGLE #HtZnzPMtm2LvtZUwuft sold for $261,004 (1,235.02 SOL)
- CryptoPunks #735 sold for $254,665 (68 eth)
- Autoglyphs #172 sold for $224,820 (224,820 USDC)
