21.12.2024
Mirjan Hipolito
Cryptocurrency and stock expert
21.12.2024

Ethereum NFT sales hit $200M, Bitcoin and Solana hold top positions

Ethereum NFT sales hit $200M, Bitcoin and Solana hold top positions Pudgy Penguins 4611 was sold for 125 ETH

Against the backdrop of a declining crypto market, NFT sales surge over $300M

This week, cryptocurrency market downturn coincided with a 33% rise in NFT sales, exceeding $302 million, according to CryptoSlam data.

The NFT market showed growth across all key metrics. The number of NFT sellers increased by 77% to 207,672, buyers by 92% to 349,972, and transactions rose by 7.3% to 1,651,950.

Ethereum strengthens its dominance

Ethereum's NFT sales surged 73.6% to nearly $200 million. The blockchain drew 44,220 buyers, a 40% increase from the previous week. 

Bitcoin's NFT ecosystem retained second place, despite a 23% drop in sales to $39.7 million, with a notable buyer increase to 38,987.

Solana secured third position with $30 million in sales, marking a 5% rise and doubling its buyers to 104,958.

Mythos Chain (MYTH) held fourth with $10.8 million in sales, while ImmutableX (IMX) and Polygon (POL) followed with $6.9 million and $4.8 million, respectively.

Pudgy Penguins continue their winning streak

For the third consecutive week, Pudgy Penguins led collections, doubling sales from $30 million to $53.9 million. The ecosystem expansion included a 104% rise in transactions and an 81% increase in buyers.

LilPudgys ranked second with $19.4 million in sales, a 53.6% increase. Azuki placed third, reaching $16.9 million in sales with a 108% growth. Doodles entered the top five with $13.4 million, a 226% rise, while BRC-20 NFTs rounded out the list with $9.2 million.

Top individual NFT sales of the week

According to CryptoSlam, the most expensive individual NFT sales were: Pudgy Penguins #4611 for $493,925 (125 ETH), CryptoPunks #6036 for $444,019 (110 ETH), Pudgy Penguins #7891 for $395,140 (100 ETH), Azuki #6872 for $380,659 (108 ETH), Azuki #6536 for $372,866 (95.4774 ETH).  

Amid the cryptocurrency market's rise and Bitcoin hitting a new all-time high (ATH), the non-fungible token (NFT) market also demonstrated significant growth.

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