According to data from The Block, last week the Ethereum NFT trading volume rose to $186 million, reaching a three-month high, an increase of 67% compared to the previous week's $111 million. The Pudgy Penguins series was the main catalyst driving this surge after the issuance of its PENGU tokens, generating $108 million in trading volume, with individual Pudgy Penguins trading prices once exceeding 29 ETH, but quickly fell after the token issuance. Bitcoin is the second largest NFT ecosystem, with a weekly trading volume of only $33 million.