Kickstarting this week with a bang, Ethereum-based non-fungible tokens (NFTs) bounce their weekly sales volume to an impressive $304 million. According to data trackers, CryptoSlam, Ethereum NFT collections, which include Pudgy Penguins, LilPudgys, Azuki and Doodles, saw a massive 76% increase over the past week, snapping a hefty $201 million in sales and accounting for 66% of the total NFT market.
When compared to their counterparts, Bitcoin-based NFTs and Solana-based collections, Ethereum NFTs pulled in a significantly larger chunk of the pie with $40 million and $29 million in sales respectively. Other platforms such as Mythos Chain, Immutable, Polygon and BNB Chain collectively managed a weekly volume of $25.9 million.
Holding the top spot among the best performers of last week was the Pudgy Penguins collection with a whopping $54.4 million in sales, followed by LilPudgys that pulled almost $20 million in sales. Experiencing a notable surge was the Azuki NFT collection, tallying $18 million, a 130% week-on-week increase.
Not to be left out, other popular NFT collections Doodles and CryptoPunks also cemented their place in the top 10 collections. Doodles bagged $13 million in sales, while CryptoPunks netted a cool $7.4 million.
However, not all was rosy on the NFT front. Pudgy Penguins, though leading in volumes, stumbled over their crypto token. Data from CoinGecko shows the Pudgy Penguins (PENGU) token nosedived over 50% after its launch. Despite the hiccups, NFT sales volumes for December have touched an astounding $678 million in just 21 days, outdoing November’s $562 million and marking the highest-performing boom since May.