Welcome to the weekly summary of the hottest Non-Fungible Token (NFT) ecosystem events brought to you by NFTScan, the NFT infrastructure.
Period: November 25, 2024 - December 1, 2024
NFT Hot News
01/ Pudgy Penguins: Pudgy Toys to Relaunch on Walmart in 2025
On November 25, the NFT project Pudgy Penguins announced that Pudgy Toys will relaunch on the Walmart store in 2025.
02/ Lumoz Launches esMOZ Redemption Feature, Users Can Receive NFTs and Redeem esMOZ for MOZ for Free
On November 25, the modular computing layer & RaaS platform Lumoz will open the esMOZ to MOZ redemption function at 4:00 PM on November 25. Users can use Lumoz OG NFT to redeem esMOZ 1:1 for MOZ without any lock-up period. Lumoz OG NFT has three different scarcity levels, each corresponding to a different esMOZ redemption amount. The official promises that all NFTs will be distributed for free through various channels.
03/Mint Blockchain and RedotPay Reach Strategic Cooperation to Co-Build Consumer PayFi Network
On November 26, Mint Blockchain announced a strategic partnership with the global leading crypto payment solution provider RedotPay to jointly promote the construction of the PayFi consumer network and accelerate the adoption of cryptocurrency payments in real life. RedotPay currently serves over 3 million global users and provides solutions for direct cryptocurrency payment without the need for deposits. Through the issued RedotPay card, users can withdraw local currency at global ATMs or make direct card payments at over 44 million merchants.
Mint and RedotPay are launching a consumer benefit campaign. Users who register through the official Mint invitation link can enjoy a $10 consumption reward, and can receive an exclusive PayFi NFT badge issued on the Mint Chain after their first consumption, which has the right to future airdrops on the Mint Blockchain. Mint and RedotPay will continue to deepen their business, helping to integrate crypto payment technology with the Mint network and promote the implementation of more Web3 consumption scenarios.
04/ Kraken to Shut Down Its NFT Marketplace
On November 27, according to The Block, the cryptocurrency exchange Kraken will shut down its NFT marketplace to free up resources for upcoming projects. After November 27, 2024, users will no longer be able to list, bid on, or sell NFTs on Kraken's NFT marketplace, and can only withdraw assets. The marketplace will be completely closed on February 27, 2025.
05/ ZachXBT Questions Moonrock Capital Executives' Unfair Distribution in Incubating NFT Projects to Harm Retail Investors
On November 29, crypto detective ZachXBT replied to a tweet by Moonrock Capital CEO and partner Simon mentioning the basic principles of Web3, "You incubated multiple projects in the last cycle that directly harmed retail traders through unbalanced distribution, so I'm not sure you should be talking about the basic principles of Web3." The projects mentioned by ZachXBT include Degen Ape Academy NFT and Punks On Solana NFT.
06/ memelab Launches on Sei Network, Supporting Free Creation and Minting of Memes as NFTs
On December 1, the Sei Network recently launched the memelab platform, which supports users to create memes for free on the Sei Blockchain and mint them as Non-Fungible Tokens (NFTs).
07/ Sonic Labs Completes Snapshot of Wallet Holders for Six Different Sonic Shards
On December 1, Sonic Labs (formerly Fantom) announced that it has completed the snapshot of wallet holders for six different Sonic Shards at 8:00 PM on December 1. Qualified wallets are whitelisted and can mint exclusive NFTs after the mainnet launch. These NFTs will grant holders points for the upcoming 200 million S token airdrop. Wallets that acquired Shards through the secondary market (such as PaintSwap) are also eligible, but must have held them before the snapshot.
08/ Ethereum On-Chain NFT Sales Surpass $200 Million in November, Reaching a New High Since May
On December 1, data shows that Ethereum on-chain NFT sales exceeded $200 million in November, currently reaching $204,020,400.47, a new high since May this year. In addition, Ethereum on-chain NFT trading volume reached 501,765 transactions last month, with approximately 75,360 unique buyer addresses and 64,254 unique seller addresses.
09/ Bitcoin On-Chain NFT Sales Exceed $185 Million in November, Reaching a New High Since June
On December 1, data shows that Bitcoin on-chain NFT sales exceeded $185 million in November, reaching $185,311,772.98, a new high since June this year. In addition, Bitcoin on-chain NFT trading volume reached 219,727 transactions last month, with approximately 68,189 unique buyer addresses and 44,634 unique seller addresses.
10/ Solana On-Chain NFT Total Sales Exceed $6 Billion
On December 1, the latest data shows that Solana on-chain NFT total sales have exceeded $6 billion, currently reaching $6,007,867,734, with a total of approximately 59.473 million on-chain NFT transactions, including approximately 5.427 million unique seller addresses and 2.873 million unique buyer addresses.
NFT on-chain data
01\ Overview of Multi-Chain NFT Data
As of December 2, 2024, NFTScan currently supports 25 mainstream blockchain networks: Bitcoin, Ethereum, BNB Chain, Polygon, Solana, Mint, Avalanche, Arbitrum, Optimism, zkSync, Sei, Starknet, Aptos, Mantle, Linea, Base, TON, Blast, Gravity, Scroll, Viction, Fantom, Moonbeam, PlatON, and Cronos, which have generated:
NFT Contract Quantity: 5,227,073
NFT Asset Quantity: 2,226,722,520
NFT On-Chain Record Quantity: 6,995,843,963
NFT Total Market Value: $32,997,076,949
NFT Total Historical Trading Volume: $103,438,259,609
02\NFT Trading Market Trends
This week: OpenSea dominates the market, with the overall trading volume reaching its peak on December 1, 0:00 AM, with the Blur market reaching a high of $11.404 million. NFTScan has recorded 233 trading markets with a total 7-day trading volume of $133M. This week, Blur ranked first in trading volume, and the market trading volume distribution is relatively stable, with the top six trading markets and their respective shares:
Blur: $48,524,207 (36.49%)
OpenSea: $34,279,249 (25.78%)
CryptoPunks: $17,320,718 (13.03%)
Element: $9,808,585 (7.38%)
Tensor: $6,935,545 (5.21%)
MagicEden: $6,501,710 (4.89%)
03\Trend of Top NFT Blue Chips
The current total market value of 19 blue-chip contracts is 1,081,290 ETH, accounting for 24.73% of the total NFT market value.
This week: The total trading volume of blue-chip NFTs is 19.63k ETH, and the total market trading volume is 29.62k ETH, reaching a peak of around 7,187 ETH on December 1 at 00:00.
04\TOP 10 Wallets
NFTScan has analyzed the top 1,000 NFT holding value wallet addresses, and the current top 10 are as follows:
Top1 Wallet:
0xab14624691d0d1b62f9797368104ef1f8c20df83
This wallet address holds 4,815 NFTs (including 3 NFT Collections), with a current asset holding of 64,785 ETH ($238,258,513.51) and 7,459 interactions.
05\NFT Project Ranking List
The top 10 most popular and highest-trading Non-Fungible Token (NFT) projects on the Ethereum network are shown in the image below:
This week, BoredApeYachtClub ranked first, with the floor price remaining stable at around 21.55 ETH, and a 7-day trading volume of 5,819 ETH; CryptoPunks ranked second with a trading volume of 4,592 ETH, and the current floor price is 42.99 ETH; Pudgy Penguins ranked fourth with a trading volume of 4,064 ETH, and the current floor price is 15.5 ETH; most blue-chip NFTs have seen an upward trend in overall market trading volume and floor prices.
06\Hot NFT Digest
This week's hot NFT is the BoredApeYachtClub series:
Data shows that the current floor price is stable at 22.69 ETH, the highest transaction price is 1,080.69 ETH, and the total trading volume on Ethereum has exceeded 1.9M ETH. Over the past 7 days, the trading distribution is mainly Blur: 3.54k (62.47%); OpenSea: 2.05k (36.20%); X2Y2: 56.45 (1.00%); LooksRare: 18.5 (0.33%) in ETH, with a total of 327 transactions.
