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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