Cointelegraph's recent report, based on data from CryptoSlam, indicates that the Ethereum network has been dominating the NFT market, securing 66% of total sales. The weekly sales volume for Ethereum NFTs reached an impressive $201 million last week, marking a significant 76% increase from the previous week. Driving this surge in Ethereum NFT sales was the phenomenal success of the Pudgy Penguins (PENGU) collection, which generated a remarkable $54.4 million in trading volume. The Pudgy Penguins-affiliated Lil Pudgys NFT collection also performed exceptionally, raking in close to $20 million in sales. This growth in NFT sales volume has been steadily rising since early December, with the Pudgy Penguins collection serving as a major catalyst. The Ethereum NFT ecosystem continues to thrive, with a plethora of exciting projects and collections emerging constantly. As the industry matures, we can expect further growth and innovation in this dynamic and rapidly evolving space.

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