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The non-fungible token market has skilled one more strong week, marked by a big rise in buying and selling gross sales quantity, market capitalization, and ground worth values. The worldwide NFT market buying and selling gross sales quantity surged 3% this previous week to succeed in $173 million, the best since mid-November. On this article, we will assess the total state of the NFT market up to now seven days.
NFT Gross sales Surpass $170M This Previous Week
Knowledge compiled by cryptoslam.io, an on-chain crypto belongings market aggregator and a multi-chain non-fungible token explorer backed by crypto investor Mark Cuban, reveals that the worldwide non-fungible token market surged once more this previous week. From December 02 to December 08, the worldwide NFT market raised a buying and selling gross sales quantity of $173 million, representing a 3% rise from the earlier week.
Supply: cryptoslam.io, NFT buying and selling gross sales quantity From December 02, 2024 to December 08, 2024
Ethereum, the blockchain community famend within the NFT marketplace for internet hosting nearly all of blue-chip NFT collections, has been this previous week’s top-traded blockchain community within the NFT market. From December 02 to December 08, the Ethereum-based NFT collections have raised a buying and selling gross sales quantity of $87 million. Throughout this time, the Ethereum NFT gross sales have surged by 6.34% from the earlier week.
Supply: cryptoslam.io, NFT buying and selling gross sales quantity by blockchain networks from Dec 02 to Dec 08, 2024
Bitcoin, the blockchain community famend within the NFT marketplace for powering Runes, Ordinals, and BRC-20 NFT collections, has been this previous week’s second most-traded blockchain community within the NFT ecosystem. From December 02 to December 08, 2024, Bitcoin-based NFT collections have recorded a gross sales quantity of $44 million. Throughout this time, Bitcoin NFT gross sales quantity has dropped by 12.02% from the earlier week.
Solana, an open-source blockchain community that helps sensible contracts, together with non-fungible tokens and varied decentralized functions, has been this previous week’s third most-traded NFT blockchain community. From December 02 to December 08, 2024, the Solana-based NFT collections recorded a buying and selling gross sales quantity of $16 million. Throughout this era, the Solana NFT gross sales have surged by 5.61% from the earlier week.
Immutable X, an Ethereum Layer-2 scaling answer famend within the non-fungible token marketplace for powering main NFT video games just like the Guild of Guardians and Gods Unchained, is that this previous week’s fourth most traded blockchain within the NFT market. From December 02 to December 08, 2024, the Immutable X-based NFTs have amassed a buying and selling gross sales quantity of $11 million. Throughout this time, the Immutable X NFT gross sales quantity surged 54% from yesterday.
High Promoting NFTs This Previous Week
1. Pudgy Penguins NFT Assortment
Pudgy Penguins, a non-fungible token assortment from the digital asset incubation studio and toy model Igloo that includes a hard and fast set of 8,888 NFTs hosted on the Ethereum blockchain community, is that this previous week’s most-selling NFT assortment within the world NFT market. From December 02 to December 08, 2024, the Pudgy Penguins NFT assortment raised a buying and selling gross sales quantity of $24 million, up 223% from yesterday.
2. CryptoPunks NFT Assortment
CryptoPunks, a non-fungible token assortment beforehand from Larva Labs however now managed by the Bored Ape creator Yuga Labs and incorporates a restricted provide of 10,000 NFTs, has been this previous week’s second most-selling NFT assortment within the NFT market. From December 02 to December 08, the CryptoPunks NFT assortment recorded a buying and selling gross sales quantity of $11 million. Throughout this time, the CryptoPunks NFT buying and selling gross sales quantity has tanked 31% from the earlier week.
Supply: cryptoslam.io, High promoting NFTs by buying and selling gross sales quantity from Dec 02 to Dec 08, 2024
3. $?? BRC-20 NFT Assortment
$??, a non-fungible token assortment created on the Bitcoin blockchain community utilizing the BRC-20, an experimental commonplace protocol made doable by the Taproot and Ordinals protocol, is that this previous week’s third most-selling NFT assortment within the NFT market. From December 02 to December 08, 2024, the $?? BRC-20 NFT assortment has attracted a buying and selling gross sales quantity of $9.9 million. Throughout this time, the $?? BRC-20 NFT buying and selling gross sales quantity has plunged 30% from the earlier week.
4. Guild Of Guardians NFT Assortment
The Guild of Guardians, a non-fungible token assortment from Guild of Guardians, a role-playing play-to-earn recreation that permits gamers to take groups of heroes and compete by difficult dungeons to gather redeemable sources, has been this previous week’s fourth most-selling NFT assortment within the NFT market. From December 02 to December 08, 2024, the Guild of Guardians NFT assortment has raised a buying and selling gross sales quantity of $9.6 million. Throughout this time, the Guild of Guardians NFT buying and selling gross sales have surged by 61% from the earlier week.
5. Uncategorized Ordinals NFTs
Uncategorized Ordinals, non-fungible tokens created on the Bitcoin blockchain community, however they aren’t formally a part of any assortment, have been this previous week’s fifth most-selling NFT assortment within the NFT market. From December 02 to December 08, 2024, the Uncategorized Ordinals NFT assortment has amassed a buying and selling gross sales quantity of $8.4 million, closing our 5 top-selling NFT collections this previous week.
The NFT Market Prediction
The worldwide non-fungible token market is again on the rise after struggling a precipitous fall since 2021. The NFT market now reveals indicators of revival, marked by a big rise in buying and selling gross sales quantity, market capitalization, and ground worth values. It additionally staged for a large resurgence within the coming weeks. This dialogue facilities on evolving use circumstances, technological developments, and promising crypto regulatory frameworks underneath US President Donald Trump’s regime.
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