Last week, the Ethereum NFT market experienced a significant surge, with sales reaching a staggering $201 million, a 76% increase compared to the previous week. This impressive figure accounts for a substantial 66% of the total $304 million weekly volume, solidifying Ethereum's dominance in the NFT space.
Leading the charge was Pudgy Penguins, capturing the top spot with a remarkable $54.4 million in sales. Closely following were LilPudgys, generating $20 million.
Azuki also made waves, experiencing a 130% surge in sales, reaching $18 million. The momentum continued with Azuki Elementals, demonstrating an astonishing 226% jump, hitting $7 million.
Doodles and CryptoPunks maintained their strong positions, generating $13 million and $7.4 million respectively, further reinforcing the prominence of Ethereum collections in the NFT market.
However, amidst this wave of success, the Pudgy Penguins token $PENGU experienced a significant downturn, slipping more than 50% in value. It is currently trading at $0.03.
This week's performance highlights the dynamic nature of the NFT market, with both remarkable growth and unexpected setbacks. As the market continues to evolve, it will be interesting to observe the continued performance of these prominent collections and the overall trajectory of the Ethereum NFT ecosystem.
