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Home»NFT»NFT Sales Rise to $155 Million, Pudgy Penguins Returns with an 82% Increase
NFT

NFT Sales Rise to $155 Million, Pudgy Penguins Returns with an 82% Increase

2025-01-11No Comments2 Mins Read
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The NFT market has risen despite the weak crypto price, with Bitcoin down 3% to $94,000 and Ethereum falling sharply by 9% to $3,200.

Although the broader cryptocurrency market cap has shrunk to $3.3 trillion from last week’s $3.5 trillion market cap, the NFT market has turned positive.

According to data from CryptoSlam, NFT sales volume increased 10.70% this week to $155.4 million. The increase in total turnover is accompanied by a notable decrease in the number of market participants, indicating larger transactions from fewer buyers.

The weekly statistics are as below:

  • NFT sales volume rose to $155.4 million from $132.7 million last week
  • NFT buyers fell 81.79% to 122,806
  • NFT sellers fell 73.24% to 104,090
  • The number of transactions increased by 0.16% to 1,483,044

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Blockchain networks show mixed results

Ethereum (ETH) NFT sales grew 13.09% to $61.9 million, although the number of buyers fell 65.62% to 24,836. Wash trading on the network rose 76.73% to $25.1 million.

Bitcoin (BTC) NFTs saw modest growth, with sales up 1.97% to $30.8 million. The number of buyers on the network fell by 87.15% to 8,665.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Solana (SOL) rose $20.1 million in revenue, an increase of 9.96%. Mythos Chain was in fourth place with $12.4 million, up 4.39%. Base entered the top five with $8.4 million, a 211.18% increase in revenue.

Pudy penguins bounce back

Pudgy Penguins achieved revenue of $9.2 million, an increase of 82.32%. The recovery saw more activity: the number of transactions increased by 50.70% and the number of buyers increased by 67.39%.

See also  Spot Zero Reveals Exclusive Benefits for 0xMantle NFT Holders in Astral Core Stage 1

BRC-20 NFTs took second place with $8.2 million, a growth of 40.78%. DMarket held steady in third place with $7.2 million, up 8.06%, and maintained high volume with 282,071 transactions.

NFT Collection Rankings: Data from CryptoSlam

Guild of Guardians Heroes fell 11.17% to $5.1 million, while Azuki fell to fifth place with $4.0 million, down 56.58%.

This week’s top sales included:

  • SuperRare #37380: $474,710 (474,710 USDC)
  • CryptoPunks #4757: $453,894 (125 ETH)
  • SuperRare #37380: $396,000 (108.7469 WETH)
  • CryptoPunks #3698: $277,876 (82 ETH)
  • Abstract Creature: $222,680 (2.3681 BTC)

The NFT market has found some stability with sales volume increasing, even if participation remains limited. Read last week’s NFT activity here.

Read more: Donald Trump’s inauguration on January 20: what it could mean for crypto

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Increase Million NFT Penguins Pudgy returns Rise sales
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