304 Million In 7 Days: The Ethereum NFT Market Explodes

The Ethereum-based NFTs have reached an impressive weekly sales volume of 304 million dollars, marking a significant increase compared to the previous week. This performance highlights the growing importance of NFTs in the digital assets world and the heightened interest of investors in these unique collections.

Ethereum NFTs reach 304 million dollars in volume

The collections of Non-Fungible Tokens (NFTs) based on Ethereum experienced a spectacular increase last week, reaching a weekly sales volume of 304 million dollars. According to recent data, this rise represents a 76% increase compared to the previous week, where sales had reached 201 million dollars, accounting for 66% of the total NFT sales volume for the week.

Among the top-performing collections, the Pudgy Penguins topped the rankings with sales volumes of 54.4 million dollars. The LilPudgys collection, from the same project, also recorded impressive sales, reaching nearly 20 million dollars. Other popular NFT collections like Azuki and Doodles also appeared among the top ten, with respective sales volumes of 18 million and 13 million dollars.

A constantly evolving market

The success of Ethereum NFTs is partly explained by the growing popularity of certain collections and the increasing interest of investors in digital assets. The Azuki Elementals, for example, saw a 226% increase in their sales volume compared to the previous week, reaching 7 million dollars.

In December, NFT sales volumes were particularly high, reaching 678 million dollars in just 21 days, surpassing the previous monthly record of 562 million dollars. This trend shows that the NFT market continues to grow, attracting more and more investors and collectors.

In summary, the performance of Ethereum NFTs last week underscores the growing importance of this technology in the digital assets world. With consistently increasing sales volumes and increasingly popular collections, Ethereum-based NFTs seem well-positioned to dominate the market for digital assets in the coming months.