Welcome to the weekly summary of NFT ecosystem hot events produced by NFT infrastructure NFTScan.
Period: 2024.12.23~ 2024.12.29
NFT Hot News
01/ Kaito AI Founder: Genesis NFT minting proceeds will be donated to the top 1,000 Yappers.
On December 23, Yu Hu, founder of the Web3 AI search platform Kaito AI, tweeted that the proceeds from the Genesis NFT minting will be donated to the top 1,000 Yappers. The Yaps platform is not only applicable to Kaito but also to other projects, rewarding the most active contributors for generating high-quality content in a meaningful way, i.e., proof of work, proof of real engagement, and proof of insight.
02/ Two NFT promoters face charges for allegedly defrauding investors of $22 million.
On December 23, according to Cointelegraph, two 23-year-olds from California are facing fraud charges for allegedly defrauding investors of over $22 million in crypto assets through NFT scams. The U.S. Department of Justice's Office of Public Affairs stated in a press release that Gabriel Hay and Gavin Mayo were charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, and one count of stalking.
03 / Morph launches 10,000 mystery box NFT airdrop.
On December 24, Morph announced the launch of the Morph-mas Mystery Box NFT airdrop event, with a total of 10,000 limited edition mystery boxes to be given away for free to early supporters.
04 / The crypto market sector has risen across the board for two consecutive days, with the NFT and AI Agents sectors leading with increases of 15.51% and 9.95%, respectively.
On December 25, according to SoSoValue data, the crypto market sector has risen across the board for two consecutive days, with the NFT and AI Agents sectors leading with increases of 15.51% and 9.95%. Notably, within the NFT sector, Pudgy Penguins (PENGU) saw a 24-hour increase of 32.35%, Moca Coin (MOCA) rose by 32.97%, and Magic Eden (ME) increased by 14.62%.
05 / Top 10 NFT series weekly increase exceeds that of fungible tokens, with Space Doodles leading with an increase of 44.7%.
On December 25, data shows that over the past seven days, non-fungible tokens (NFTs) have outperformed fungible tokens, with the top 10 NFT series averaging an increase of 6.4% during this period. Meanwhile, the fungible token sector averaged a negative 8.6%, with only native tokens from CEX recording positive returns. Specifically, the NFT series with the largest increase was Space Doodles, whose price in USD increased by 44.7%.
06/ Animoca Brands: No tokens or NFTs released, Yat Siu related posts initiated by hackers.
On December 26, Animoca Brands tweeted that Animoca Brands has not officially released any tokens or NFTs, and Yat Siu's post claiming that token releases on Solana were initiated by hackers should not be used, and users should remain vigilant.
07/ The trading share of Runes on the Bitcoin network has dropped to a new low, accounting for only 1.67% of daily trading volume.
On December 26, The Block reported that Runes' trading share on the Bitcoin network has dropped to a new low, accounting for only 1.67% of daily trading volume, in stark contrast to the dominance it held from April to November, when Runes usually accounted for more than 50% of Bitcoin's daily trading volume. Meanwhile, Runes' daily trading fees remain below $250,000, indicating a significant reduction in network activity.
08/ NFT trading volume dropped by about 50% in the past week, with the trading volume of 'Pudgy Penguins' falling by 76.65%.
On December 28, according to Crypto.news, CryptoSlam data shows that the NFT market has seen a significant correction over the past week, with total trading volume plummeting by 49.77% to $152.7 million. Despite the sharp decline in trading volume, market participation metrics indicate sustained interest from both new and old traders. The number of NFT buyers increased by 50.97% to 531,208, while the number of NFT sellers grew by 47.14% to 308,666. The trading volume of Pudgy Penguins fell by 76.65% to $12.6 million, with buyer participation decreasing by 69.92%. Despite a 41.94% drop in trading volume, Azuki surged to second place with a trading volume of $9.3 million. The trading volume of BRC-20 NFTs decreased by 30.68%, landing in third place with $6.5 million.
NFT on-chain data
01\ NFT Multi-chain Data Overview
As of December 30, 2024, NFTScan currently supports 25 mainstream blockchain networks including Bitcoin, Ethereum, BNBChain, Polygon, Solana, Mint, Avalanche, Arbitrum, Optimism, zkSync, Sei, Starknet, Aptos, Mantle, Linea, Base, TON, Blast, Gravity, Scroll, Viction, Fantom, Moonbeam, PlatON, and Cronos, collectively generating:
Number of NFT contracts: 5,341,114
Number of NFT assets: 2,522,161,944
Number of on-chain NFT records: 8,165,169,770
Total market capitalization of NFT assets: $31,651,292,996
Total historical NFT trading volume: $109,301,040,676
02\NFT Trading Market Trends
This week: Blur dominates the market, with overall trading volume reaching its peak on December 26, peaking at $10.618 million at 00:00. NFTScan recorded a total trading volume of $127.9M across 233 trading markets in 7 days. This week, Blur ranked first in trading volume, with the market trading volume distribution being relatively stable, and the distribution of the top six trading markets and their shares are as follows:
Blur: $136,848,306 (46.47%)
OpenSea: $52,131,961 (36.05%)
Element: $9,329,430 (5.61%)
Tensor: $7,925,878 (2.76%)
MagicEden: $7,118,911 (1.95%)
X2Y2: $6,052,118 (1.91%)
03\Leading NFT Blue Chip Trends
The current total market capitalization of 19 blue chip contracts is 1,203,116 ETH, accounting for 24.78% of the total NFT market capitalization.
This week: The total trading volume of blue chip NFTs is 14.05k ETH, with the overall market trading volume at 36.25k ETH, reaching a peak trading volume of around 3.1k ETH as of December 26 at 00:00.
04\TOP 10 Wallet
NFTScan analyzed the wallet addresses holding the top 1,000 NFT values, with the current top 10 holdings as shown in the image below:
Top 1 Wallet:
0xab14624691d0d1b62f9797368104ef1f8c20df83
This wallet address holds 4,815 NFTs (including 3 NFT Collections), currently holding assets worth 64,785 ETH ($221,375,527.8), with 7,459 interactions.
05\NFT Project Ranking List
The top 10 hottest and highest trading volume NFT projects on the Ethereum network are shown in the image below:
This week, Pudgy Penguins ranked first, with the floor price stabilizing around 22.99e last week and a 7-day trading volume of 5,110e; Azuki ranked second with a trading volume of 5,087e, currently having a floor price of 12.948e; Lil Pudgys ranked third with a trading volume of 3,006e, currently having a floor price of 2.467e; most blue chip NFTs show a downward trend in overall market trading volume and floor prices.
06\Hot NFT Express
This week's hot NFT is the Pudgy Penguins series:
Data shows that the current floor price is stable at 22.99 ETH, with the highest transaction price at 420 ETH, and the total trading volume on Ethereum has exceeded 487.7k ETH, with the trading distribution over the past 7 days mainly being Blur: 3.97K (78.57%); OpenSea: 1.08K (21.43%) units of ETH, with 252 transactions in 7 days.
