Non-Fungible Tokens (NFTs) on Ethereum reached a trading volume of $92 million, led by collections such as Pudgy Penguins and CryptoPunks.
NFTs had a strong start to December, with Ethereum leading blockchains in digital collectibles sales.
On December 8, CryptoSlam reported that digital collections achieved over $187 million in weekly trading volume in the first week of December, continuing the upward trend that began in October. This week surpassed the strongest week of November, with NFT sales reaching $181 million.
After declining since March and hitting a low in September, the period that recorded the lowest NFT sales since 2021, the market recovered in October, with a 57% month-on-month increase, reaching over $562 million in sales in November.
Ethereum led with $92 million in NFT trading volume last week, up 44.69% from the previous week. This upward trend was driven by prominent collections such as Pudgy Penguins and CryptoPunks.
According to CryptoSlam, Pudgy Penguins achieved $25 million in sales, up 346% from the previous week. According to defillama, the floor price of the collection has increased from 13 ETH (on November 30) to 20.9 ETH (approximately $83,000 on December 8).
CryptoPunks ranked second with $16.5 million in weekly sales. The floor price of the collection temporarily increased to 44 ETH on December 4 before stabilizing at 40 ETH.
Bitcoin-based NFTs ranked second after Ethereum, recording $43.8 million in sales. Meanwhile, Solana, Immutable, Mythos Chain, Polygon, Cardano, and Flow achieved a total weekly sales of $47 million.
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The article NFTs Start December with $187 Million in Weekly Trading Volume first appeared on CoinMoi.
