Ethereum

Pudgy Penguins

when

Azuki

Ethereum-based non-fungible token (NFT) collections surged last week, driving the overall digital collectible weekly sales volumes to $304 million.&nbsp;
On Dec. 21, data tracker CryptoSlam reported that Ethereum NFTs experienced a 76% week-on-week increase, reaching $201 million in sales volume. This represents 66% of all NFT sales volume over the past seven days.
By comparison, Bitcoin-based NFTs recorded $40 million in sales, while Solana-based collections had $29 million. Mythos Chain, Immutable, Polygon and BNB Chain collectively had a weekly volume of $25.9 million.&nbsp;
The weekly record also surpasses the $296 million NFT sales record for September, when digital collections had their <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/nfts-lowest-monthly-volume-since-2021-cryptoslam" rel="noopener noreferrer nofollow" target="null" text="null" title="null">lowest monthly sales volume</a> since 2021.&nbsp;
<h2 id="ethereum-collections-dominate-nft-rankings">Ethereum collections dominate NFT rankings</h2>
Last week, seven of the top 10 NFT collections by sales volume were based on Ethereum. The Pudgy Penguins collection recorded a $54.4 million volume, making it the top collection for the week. Meanwhile, the second spot went to the project’s LilPudgys collection, recording almost $20 million in sales.&nbsp;
<figure><img alt="Ethereum NFT collections drive weekly volume to $304M" src="https://s3.cointelegraph.com/uploads/2024-12/0193e86f-0442-7872-a4f4-ca38bd7a2b24" title="">
 <figcaption style="text-align: center;">
 7 out of the top 10 NFT collections for the week are Ethereum-based collections. Source: CryptoSlam
 </figcaption>
</figure>
The Azuki NFT collection surged by 130% compared to last week, recording $18 million in sales. The project’s Azuki Elementals collection recorded a 226% week-on-week increase after having a $7 million sales volume.&nbsp;
Popular NFT collections like Doodles and CryptoPunks also made it into the top 10 collections by sales volumes last week. Doodles had $13 million, while CryptoPunks recorded a volume of $7.4 million.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/opensea-token-airdrop-rumors-cayman-islands" rel="noopener noreferrer nofollow" target="null" text="null" title="null">OpenSea Cayman Islands registration fuels token airdrop rumors</a>
<h2 id="nfts-continue-early-december-momentum">NFTs continue early December momentum</h2>
NFT weekly volumes have been strong since the start of December. Digital collectibles <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/nft-sales-volume-december-2024-ethereum-weekly" rel="noopener noreferrer nofollow" target="null" text="null" title="null">recorded $187 million in sales</a> in the first week of the month. The Pudgy Penguins collection also led the week with a $25 million sales volume.&nbsp;
While Pudgy Penguins NFTs dominate the NFT space in volume, its crypto token is performing less well. On Dec. 17, the collection’s Pudgy Penguins (PENGU) token <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/pudgy-penguins-pengu-token-down-after-launch" rel="noopener noreferrer nofollow" target="null" text="null" title="null">plummeted by over 50%</a> after its launch. CoinGecko data shows the token trades at $0.03, about 55% down from its highest price record.&nbsp;
In just 21 days, NFT sales volumes for December had already reached $678 million, surpassing the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/nft-monthly-sales-volume-562-million-november" rel="noopener noreferrer nofollow" target="null" text="null" title="null">previous month’s record</a> of $562 million. The sales record also makes December NFTs’ highest-performing month since May, when the space saw $602 million in sales.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/true-sign-nft-bull-market-back-on-wale-nft-collector/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">The 1 true sign an NFT bull market is back on: Wale, NFT Collector</a>

Ethereum NFT collections drive weekly volume to $304M

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