NFT Buyers Vanish, but Sales Spike: Ethereum Dominates $224M Week

2024-12-14 17:18:14

Over the past week, non-fungible token (NFT) sales grew by 16.27% compared to the previous week, totaling $224.41 million across 22 different blockchains.

Pudgy Penguins Lead NFT Charge, BNB Chain and Blast Show Growth

Between Dec. 7 and Dec. 14, NFT sales climbed 16.27%, hitting $224.41 million. Ethereum led the charge with over $119 million in sales, up 22% from the prior week. Bitcoin NFTs came in second, tallying $51.64 million, a 14.31% rise, while Solana wasn’t far behind, pulling in $21.44 million—a 32% increase.

This week’s standouts? BNB Chain with a whopping 368% increase and Blast, rocketing up 262%. The top collection was the Ethereum-based Pudgy Penguins, raking in over $30 million—a 52% jump in sales volume. Bitcoin’s BRC20 NFTs also impressed, bringing in $15.5 million, while Lil Pudgys claimed the third spot with $13.49 million.

Now for the top-dollar NFTs. The priciest? An Ethereum-based Expose Stream NFT sold for $425,103 just two days ago. A Solana Boogle #035 came in next, fetching $261,005 four days ago, and a Cardano Earthnode #286 brought in $104,118 six days back. Despite the uptick in sales, the number of NFT buyers dropped 73.97%, with sellers down 71.14%.

Ethereum, Bitcoin, and Solana stayed steady as top players, but the performance of BNB Chain and Blast shows the potential for new challengers to disrupt the market. These developments suggest that NFT growth isn’t confined to established collections like Pudgy Penguins—it may be a broader movement driven by creativity and innovation.

ETH0,36%

TOKEN1,41%

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