The non-fungible token market has experienced yet another robust week, marked by a significant rise in trading sales volume, market capitalization, and floor price values. The global NFT market trading sales volume surged 3% this past week to reach $173 million, the highest since mid-November. In this article, we shall assess the full state of the NFT market in the past seven days.
NFT Sales Surpass $170M This Past Week
Data compiled by cryptoslam.io, an on-chain crypto assets market aggregator and a multi-chain non-fungible token explorer backed by crypto investor Mark Cuban, shows that the global non-fungible token market surged again this past week. From December 02 to December 08, the global NFT market raised a trading sales volume of $173 million, representing a 3% rise from the previous week.
Source: cryptoslam.io, NFT trading sales volume From December 02, 2024 to December 08, 2024
Ethereum, the blockchain network renowned in the NFT market for hosting the majority of blue-chip NFT collections, has been this past week’s top-traded blockchain network in the NFT market. From December 02 to December 08, the Ethereum-based NFT collections have raised a trading sales volume of $87 million. During this time, the Ethereum NFT sales have surged by 6.34% from the previous week.
Source: cryptoslam.io, NFT trading sales volume by blockchain networks from Dec 02 to Dec 08, 2024
Bitcoin, the blockchain network renowned in the NFT market for powering Runes, Ordinals, and BRC-20 NFT collections, has been this past week’s second most-traded blockchain network in the NFT ecosystem. From December 02 to December 08, 2024, Bitcoin-based NFT collections have recorded a sales volume of $44 million. During this time, Bitcoin NFT sales volume has dropped by 12.02% from the previous week.
Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this past week’s third most-traded NFT blockchain network. From December 02 to December 08, 2024, the Solana-based NFT collections recorded a trading sales volume of $16 million. During this period, the Solana NFT sales have surged by 5.61% from the previous week.
Immutable X, an Ethereum Layer-2 scaling solution renowned in the non-fungible token market for powering leading NFT games like the Guild of Guardians and Gods Unchained, is this past week’s fourth most traded blockchain in the NFT market . From December 02 to December 08, 2024, the Immutable X-based NFTs have amassed a trading sales volume of $11 million. During this time, the Immutable X NFT sales volume surged 54% from the previous day.
Top Selling NFTs This Past Week
1. Pudgy Penguins NFT Collection
Pudgy Penguins, a non-fungible token collection from the digital asset incubation studio and toy brand Igloo featuring a fixed set of 8,888 NFTs hosted on the Ethereum blockchain network, is this past week’s most-selling NFT collection in the global NFT market. From December 02 to December 08, 2024, the Pudgy Penguins NFT collection raised a trading sales volume of $24 million, up 223% from the previous day.
2. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection previously from Larva Labs but now managed by the Bored Ape creator Yuga Labs and features a limited supply of 10,000 NFTs, has been this past week’s second most-selling NFT collection in the NFT market. From December 02 to December 08, the CryptoPunks NFT collection recorded a trading sales volume of $11 million. During this time, the CryptoPunks NFT trading sales volume has tanked 31% from the previous week.
Source: cryptoslam.io, Top selling NFTs by trading sales volume from Dec 02 to Dec 08, 2024
3. $?? BRC-20 NFT Collection
$??, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20, an experimental standard protocol made possible by the Taproot and Ordinals protocol, is this past week’s third most-selling NFT collection in the NFT market. From December 02 to December 08, 2024, the $?? BRC-20 NFT collection has attracted a trading sales volume of $9.9 million. During this time, the $?? BRC-20 NFT trading sales volume has plunged 30% from the previous week.
4. Guild Of Guardians NFT Collection
The Guild of Guardians, a non-fungible token collection from Guild of Guardians, a role-playing play-to-earn game that allows players to take teams of heroes and compete through challenging dungeons to collect redeemable resources, has been this past week’s fourth most-selling NFT collection in the NFT market. From December 02 to December 08, 2024, the Guild of Guardians NFT collection has raised a trading sales volume of $9.6 million. During this time, the Guild of Guardians NFT trading sales have surged by 61% from the previous week.
5. Uncategorized Ordinals NFTs
Uncategorized Ordinals, non-fungible tokens created on the Bitcoin blockchain network, but they aren’t officially part of any collection, were this past week’s fifth most-selling NFT collection in the NFT market. From December 02 to December 08, 2024, the Uncategorized Ordinals NFT collection has amassed a trading sales volume of $8.4 million, closing our five top-selling NFT collections this past week.
The NFT Market Prediction
The global non-fungible token market is back on the rise after suffering a precipitous fall since 2021. The NFT market now shows signs of revival, marked by a significant rise in trading sales volume, market capitalization, and floor price values. It also staged for a massive resurgence in the coming weeks. This discussion centers on evolving use cases, technological advancements, and promising crypto regulatory frameworks under US President Donald Trump’s regime.
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