The non-fungible token, or NFT, market has proven respectable progress amid Bitcoin’s historic breakthrough exceeding $100,000.
The surge in cryptocurrency costs continues as Ethereum (ETH) strengthens its place, climbing 3.5% within the final 24 hours to reclaim the $4,000 stage.
The worldwide cryptocurrency market capitalization has expanded to $3.67 trillion from final week’s $3.42 trillion. This can be a 2.3% enhance over the past day, with Bitcoin (BTC) buying and selling round $99,611 finally examine Saturday. See beneath.
Supply: CoinGecko
In line with the newest information from CryptoSlam, the NFT market has skilled a significant upswing, with complete gross sales quantity reaching $196.2 million. This can be a 34.23% enhance from final week’s $146.5 million.
The market metrics present growth throughout all key indicators:
- NFT patrons have elevated to 693,833, displaying a wholesome 20.29% progress
- NFT sellers have grown to 402,069, with a 15.97% enhance
- NFT transactions have barely decreased by 1.92% to 1,405,054
You may additionally like: As Bitcoin tops $100k analysts put together for volatility and correction fears
Ethereum Leads with main Development
The Ethereum NFT blockchain has proven the very best efficiency, almost doubling its gross sales quantity to $100.9 million. This marks a 97.33% enhance within the final seven days. The community has attracted 61,020 patrons, representing a 23.15% progress. Notably, wash buying and selling additionally elevated by 52.79% to $18.2 million, indicating heightened market exercise.
Supply: Blockchains by NFT Gross sales Quantity (CryptoSlam)
Bitcoin’s NFT ecosystem, whereas sustaining its second place, skilled a slight decline of 6.84%. The gross sales quantity of the Bitcoin community stood at $45.1 million. Nevertheless, the community continues to indicate robust consumer engagement with 67,188 patrons, a 22.38% enhance from the earlier interval.
Solana (SOL) has maintained its third place with $16.2 million in gross sales. Solana has proven solely a modest 6.58% enhance. Nevertheless, the community has robust consumer participation with 269,871 patrons.
Mythos Chain and ImmutableX (IMX) spherical out the highest 5, with gross sales of $11.2 million and $10.6 million, respectively.
You may additionally like: Token unlocks ‘virtually at all times damaging for worth,’ Keyrock’s examine reveals
Pudgy Penguins Lead Assortment Rankings
The announcement of their PENGU token launch has pushed Pudgy Penguins to the highest place with $21.6 million in gross sales. This marks a 384.26% enhance within the final seven days.
Introducing $PENGU, the official coin of Pudgy Penguins.
Launching in 2024. Be taught extra beneath. pic.twitter.com/J715bODcM6
— Pudgy Penguins (@pudgypenguins) December 6, 2024
CryptoPunks follows carefully with $21.3 million in gross sales, displaying spectacular progress of 173.86%. BRC-20 NFTs have moved to 3rd place with $9.9 million in gross sales, whereas Guild of Guardians Heroes and Uncategorized Ordinals full the highest 5 with $8.9 million and $8.4 million in gross sales, respectively.
Prime NFT gross sales: Knowledge from CryptoSlam
Notable particular person gross sales this week embody:
- Uncategorized Ordinals #876 offered for $7,512,996 (76.9998 BTC)
- CryptoPunks #2202 offered for $455,287 (125 ETH)
- MADinArt 18: iSteef #asset18 offered for $388,073 (365,481.5277 ADA)
- Azuki #5889 offered for $362,345 (100 ETH)
- Autoglyphs #328 offered for $328,314 (90 WETH)
This week’s information displays a maturing NFT market with main progress in each established collections and new entrants.
Learn extra: Can Shiba Inu and Pepe costs rise to $1 in 2025?
