Followin' the NFT ecosystem highlights of the week brought to you by NFTScan, the NFT infrastructure.
Period: 2024.12.23~ 2024.12.29
NFT Hot News
01/ Kaito AI Founder: Genesis NFT Minting Proceeds to be Donated to Top 1000 Yappers
On December 23, Yu Hu, the founder of the Web3 AI search platform Kaito AI, tweeted that the Genesis NFT Minting proceeds will be donated to the top 1000 Yappers. The Yaps platform is applicable not only to Kaito, but also to other projects, as it rewards the most active contributors in a meaningful way by generating high-quality content, i.e., proof-of-work, proof-of-real-participation, and proof-of-insight.
02/Two NFT Initiators Facing Charges for Alleged $22 Million Fraud
On December 23, according to Cointelegraph, two 23-year-olds from California are accused of defrauding investors of over $22 million in crypto assets through an NFT scam and are now facing fraud charges. The U.S. Department of Justice Public Affairs Office stated in a press release that Gabriel Hay and Gavin Mayo are charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, and one count of money laundering.
03 /Morph Launches 10,000 Mystery Box NFT Airdrop
On December 24, Morph announced the launch of the Morph-mas Mystery Box NFT airdrop, with a total of 10,000 limited-edition mystery boxes to be given away for free to early supporters.
04 /Crypto Market Sectors See Broad Gains for Two Consecutive Days, with NFT and AI Agents Sectors Leading at 15.51% and 9.95% Respectively
On December 25, according to SoSoValue data, crypto market sectors saw broad gains for two consecutive days, with the NFT and AI Agents sectors leading at 15.51% and 9.95% respectively. Notably, within the NFT sector, Pudgy Penguins (PENGU) saw a 24-hour gain of 32.35%, Moca Coin (MOCA) gained 32.97%, and Magic Eden (ME) rose 14.62%.
05 /Top10 NFT Collections Outperform Fungible Tokens, with Space Doodles Topping the List with a 44.7% Increase
On December 25, data shows that over the past seven days, Non-Fungible Tokens (NFTs) have outperformed fungible tokens, with the top 10 NFT collections averaging a 6.4% increase during this period. Meanwhile, the fungible token industry averaged a negative 8.6% return, with only native tokens from CEXs recording positive returns. The NFT collection with the largest increase was Space Doodles, which saw a 44.7% rise in its US dollar-denominated price.
06/ Animoca Brands: No Token or NFT Releases, Yat Siu-Related Posts Initiated by Hackers
On December 26, Animoca Brands tweeted that Animoca Brands has not officially released any tokens or NFTs, and the posts by Yat Siu claiming token releases on Solana were initiated by hackers. Users are advised not to use that account and to remain vigilant.
07/ Runes' Share of Bitcoin Network Transactions Drops to a New Low, Accounting for Only 1.67% of Daily Volume
On December 26, according to The Block, Runes' share of transactions on the Bitcoin network has fallen to a new low, accounting for only 1.67% of daily transaction volume, in stark contrast to its dominant position from April to November, when Runes typically accounted for over 50% of Bitcoin's daily transaction volume. Additionally, Runes' daily transaction fees have remained below $250,000, indicating a significant reduction in network activity.
08/NFT Trading Volume Drops by Around 50% in the Past Week, with Pudgy Penguins Seeing a 76.65% Decline
On December 28, according to Crypto.news, CryptoSlam data shows the NFT market has experienced a significant correction, with total trading volume plummeting 49.77% to $152.7 million in the past week. Despite the sharp decline in trading volume, market participation metrics indicate ongoing interest from both new and existing traders. The number of NFT buyers increased by 50.97% to 531,208, and the number of NFT sellers grew by 47.14% to 308,666. Pudgy Penguins' trading volume plummeted 76.65% to $12.6 million, with a 69.92% drop in buyer participation. Although its trading volume declined by 41.94%, Azuki rose to second place with $9.3 million in trading volume. BRC-20 NFT trading volume fell by 30.68% to $6.5 million, placing it in third position.
NFT on-chain data
01\ Overview of NFT Multi-Chain Data
As of December 30, 2024, NFTScan currently supports 25 mainstream blockchain networks, including Bitcoin, Ethereum, BNBChain, 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 collectively generated:
NFT Contract Count: 5,341,114
NFT Asset Count: 2,522,161,944
NFT On-Chain Record Count: 8,165,169,770
NFT Total Market Value: $31,651,292,996
NFT Total Historical Trading Volume: $109,301,040,676
02\NFT Trading Market Trends
This week: Blur dominates the market, with overall trading volume reaching its peak on December 26 at 0:00, when Blur's market reached a high of $10.618 million. NFTScan has recorded 233 trading markets with a 7-day total trading volume of $127.9M. This week, Blur ranked first in trading volume, and the market trading volume distribution was relatively stable, with the top six trading markets and their respective shares as follows:
Blur: $136,848,306 (46.47%)
OpenSea: $52,131,961 (36.05%)
Element: $9,329,430 (5.61%)
Tensor: $7,925,878 (2.76%)
MagicEden: $7,118,911 (1.95%)
X2Y2: $6,052,118 (1.91%)
03\Performance of Top NFT Blue Chips
The current total market value of 19 blue-chip NFT contracts is 1,203,116 ETH, accounting for 24.78% of the total NFT market value.
This week: The total trading volume of blue-chip NFTs was 14.05k ETH, while the total market trading volume was 36.25k ETH, reaching a peak of around 3.1k ETH on December 26 at 00:00.
04\TOP 10 Wallets
NFTScan has analyzed the top 1000 NFT holding value wallet addresses, and the current top 10 are as shown in the image:
Top1 Wallet:
0xab14624691d0d1b62f9797368104ef1f8c20df83
This wallet address holds 4,815 NFTs (including 3 NFT Collections), with a current holding value of 64,785 ETH ($221,375,527.8) and 7,459 interactions.
05\NFT Project Ranking
The top 10 most popular and highest-trading NFT projects on the Ethereum network are shown in the image:
This week, Pudgy Penguins ranked first, with the floor price stabilizing around 22.99e last week and a 7-day trading volume of 5,110e; Azuki ranked second with a trading volume of 5,087e, and the current floor price is 12.948e; Lil Pudgys ranked third with a trading volume of 3,006e and a current floor price of 2.467e. Most blue-chip NFTs have seen a downward trend in overall market trading volume and floor prices.
06\Hot NFT Highlights
The hot NFT this week is the Pudgy Penguins series:
Followin' data shows that the floor price is currently stabilized at 22.99 ETH, with the highest transaction price at 420 ETH. The total transaction volume on Ethereum has now exceeded 487.7k ETH, with the past 7 days' transaction distribution mainly being Blur: 3.97K (78.57%); OpenSea: 1.08K (21.43%) in ETH units, and the 7d transaction count reaching 252 times.
