The Ethereum NFT Market Explodes



19h05 ▪
3
min read ▪ by
Eddy S.

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.

A trader in a futuristic trading room with floating Ethereum NFTsA trader in a futuristic trading room with floating Ethereum NFTs

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.

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Eddy S. avatarEddy S. avatar

Eddy S.

Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.





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