rewrite this content using a minimum of 1200 words and keep HTML tags
The non-fungible token, or NFT, market has shown decent growth amid Bitcoin’s historic breakthrough exceeding $100,000.
The surge in cryptocurrency prices continues as Ethereum (ETH) strengthens its position, climbing 3.5% in the last 24 hours to reclaim the $4,000 level.
The global cryptocurrency market capitalization has expanded to $3.67 trillion from last week’s $3.42 trillion. This is a 2.3% increase over the last day, with Bitcoin (BTC) trading around $99,611 at last check Saturday. See below.
According to the latest data from CryptoSlam, the NFT market has experienced a major upswing, with total sales volume reaching $196.2 million. This is a 34.23% increase from last week’s $146.5 million.
The market metrics show expansion across all key indicators:
NFT buyers have increased to 693,833, showing a healthy 20.29% growth
NFT sellers have grown to 402,069, with a 15.97% increase
NFT transactions have slightly decreased by 1.92% to 1,405,054
You might also like: As Bitcoin tops $100k analysts prepare for volatility and correction fears
Ethereum Leads with major Growth
The Ethereum NFT blockchain has shown the highest performance, nearly doubling its sales volume to $100.9 million. This marks a 97.33% increase in the last seven days. The network has attracted 61,020 buyers, representing a 23.15% growth. Notably, wash trading also increased by 52.79% to $18.2 million, indicating heightened market activity.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Bitcoin’s NFT ecosystem, while maintaining its second position, experienced a slight decline of 6.84%. The sales volume of the Bitcoin network stood at $45.1 million. However, the network continues to show strong user engagement with 67,188 buyers, a 22.38% increase from the previous period.
Solana (SOL) has maintained its third position with $16.2 million in sales. Solana has shown only a modest 6.58% increase. However, the network has strong user participation with 269,871 buyers.
Mythos Chain and ImmutableX (IMX) round out the top five, with sales of $11.2 million and $10.6 million, respectively.
You might also like: Token unlocks ‘almost always negative for price,’ Keyrock’s study reveals
Pudgy Penguins Lead Collection Rankings
The announcement of their PENGU token launch has pushed Pudgy Penguins to the top position with $21.6 million in sales. This marks a 384.26% increase in the last seven days.
Introducing $PENGU, the official coin of Pudgy Penguins.
Launching in 2024. Learn more below. pic.twitter.com/J715bODcM6
— Pudgy Penguins (@pudgypenguins) December 6, 2024
CryptoPunks follows closely with $21.3 million in sales, showing impressive growth of 173.86%. BRC-20 NFTs have moved to third place with $9.9 million in sales, while Guild of Guardians Heroes and Uncategorized Ordinals complete the top five with $8.9 million and $8.4 million in sales, respectively.
Top NFT sales: Data from CryptoSlam
Notable individual sales this week include:
Uncategorized Ordinals #876 sold for $7,512,996 (76.9998 BTC)
CryptoPunks #2202 sold for $455,287 (125 ETH)
MADinArt 18: iSteef #asset18 sold for $388,073 (365,481.5277 ADA)
Azuki #5889 sold for $362,345 (100 ETH)
Autoglyphs #328 sold for $328,314 (90 WETH)
This week’s data reflects a maturing NFT market with major growth in both established collections and new entrants.
Read more: Can Shiba Inu and Pepe prices rise to $1 in 2025?
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
