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Crypto News > Blog > News > NFT > Is the NFT market waking up again after record sales? | Crypto News
NFT

Is the NFT market waking up again after record sales? | Crypto News

Crypto
Last updated: 2024/12/22 at 2:24 PM
Crypto Published December 22, 2024
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Is the NFT market waking up again after record sales?
 | Crypto News
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Non-fungible token (NFT) collections are experiencing a strong rebound and yesterday, December 21, they reached a weekly sales volume of more than $304 million, including assets from all networks, figures not seen since April 2024 .

According to browser data CryptoSlamthis increase was driven by the performance of the NFTs in the Ethereum/” target=”_blank” rel=”noreferrer noopener”>Ethereum networkwhich experienced a 76% increase compared to the previous week, reaching a sales volume of 201 million dollars.

The good performance they had in the last 7 days exceeds the $296 million in NFT sales in all of September, when digital collections had their lowest monthly volume since 2021.

NFT collections in Bitcoin/” target=”_blank” rel=”noreferrer noopener”>Bitcoinmeanwhile, recorded $40 million in sales, while the collections based on Solana had $29 million.

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For its part, Mythos Chain, Immutable, Polygon and BNB Chain had a sales volume of over $25 million in the last 7 days.

Another fact to highlight is that 7 of the top 10 NFT collections that recorded the highest sales volume They are originally from Ethereum.

Ethereum NFT collections dominate the NFT market. Fountain:
CryptoSlam.

The Pudgy Penguins Collection recorded a volume of 51 million dollars and it was the one that had the best performance in the week of December 16 to 22.

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This growth was fueled by the launch of its native token Pudgy Penguins (PENGU).

As CriptoNoticias has reported, Binance-precio-500/”>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 originates from Ethereum, the token operates on the Solana network and has a total supply of 88,888,888,888 PENGU.

According to data from CoinGeckoPudgy Penguins is one of the largest NFT projects on the market, whose value exceeds 531 million dollars.

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