The nft market has shown strength amid crypto market volatility, according to the latest data from CryptoSlam.
The total sales volume has reached 302.2 million dollars, a notable increase of 32.93%. This is a clear increase from last week's sales of $224 million.
This increase has been accompanied by a growth in market share. Market metrics show strong expansion across all key indicators:
- nft buyers have nearly doubled with a 92.39% increase to 349,972
- nft sellers have grown significantly by 77.18% to 207,672
- nft transactions have shown a healthy growth of 7.28% to 1,651,950
ethereum's dominance strengthens
The ethereum (eth) nft blockchain has shown strong performance, with sales volume increasing to $199.9 million. This is an increase of 73.56% in the last seven days.
The network has attracted 44,220 buyers, which represents a growth of 39.73%.
Notably, wash trading has more than doubled with an increase of 122.67% to $105.1 million, indicating increased market activity.
<img decoding="async" width="921" height="459" src="https://crypto.news/app/uploads/2024/12/image-7.png” alt=”nft sales rise 33% to $302 million: Pudgy Penguins #4611 sells for nearly $494k – 1″/>
The bitcoin (btc) nft ecosystem is in second position, down 23%, with a sales volume of $39.7 million. However, the network shows decent growth in user engagement with 38,987 buyers.
Solana (SOL) has strengthened its third position with $29.9 million in sales, a modest increase of 5.14%. The network continues to show strong user participation with 104,958 buyers, which represents an increase of 108.45%.
Mythos Chain (MYTH) maintained fourth place with $10.8 million in sales, while ImmutableX (IMX) and Polygon (POL) round out the top positions with $6.9 million and $4.8 million, respectively.
Chubby penguins led historic rally
Pudgy Penguins has nearly doubled its sales to $53.9 million, an increase of 90%. The expansion of its ecosystem has been accompanied by significant growth in both transactions (104% increase) and unique buyers (81% increase).
LilPudgys is in second place with $19.4 million in sales, an increase of 53.57%.
Azuki is in third place with $16.9 million in sales, showing a growth of 108.19%.
Doodles has entered the top five with $13.4 million in sales, showing a growth of 226.08%, while BRC-20 nfts complete the top five with $9.2 million in sales.
<img loading="lazy" decoding="async" width="1024" height="456" src="https://crypto.news/app/uploads/2024/12/image-9-1024×456.png” alt=”nft sales rise 33% to $302 million: Pudgy Penguins #4611 sells for nearly $494,000 – 2″/>
Notable individual sales this week include:
- Pudgy Penguins #4611 sold for $493,925 (125 eth)
- CryptoPunks #6036 sold for $444,019 (110 eth)
- Pudgy Penguins #7891 sold for $395,140 (100 eth)
- Azuki #6872 sold for $380,659 (108 eth)
- Azuki #6536 sold for $372,866 (95.4774 eth)
bitcoin is currently trading at around $97,450.
ethereum also recovered to $3,400 from its recent low of $3,098. It is currently trading at around $3,403.48. The global cryptocurrency market capitalization currently stands at $3.41 trillion, down from $3.63 trillion last week.
