The first week of December records a boom for the NFT volumes, with weekly sales reaching 187 million dollars.Â
Collections like Pudgy Penguins and CryptoPunks drive the market, while Ethereum leads the blockchains with 92 million dollars. In this article, we see all the details.Â
The NFT Pudgy Penguins and CryptoPunks triumph with sales of $25 and $16.5 million: record in sales volumesÂ
The NFTs (non-fungible tokens) kicked off the month of December with surprising results, marking a weekly sales volume that exceeded 187 million dollars, according to the data reported by CryptoSlam on December 8.
This data represents a further consolidation of the upward trend observed starting from October, a significant recovery period after the historical lows recorded in September.
The NFT market has indeed experienced a prolonged contraction starting from March, culminating in the lowest monthly sales volume since 2021 during September.Â
However, October marked a turning point, with an increase of 57% month over month. This positive trend continued in November, when sales reached 562 million dollars, and found further confirmation in the initial results of December.
Ethereum confirms itself as the leading blockchain in the NFT sector, recording a weekly volume of 92 million dollars, with an increase of 44.69% compared to the previous week.
This result was driven by some of the most popular collections of the moment, including Pudgy Penguins and CryptoPunks.
The Pudgy Penguins collection amazed the market with a sales volume of 25 million dollars, a leap of 346% compared to the previous week.Â
According to the data from DefiLlama, the minimum price for a Pudgy Penguin went from 13 ETH at the end of November to 20.9 ETH on December 8, equivalent to about 83,000 dollars.
CryptoPunks ranked second with weekly sales of 16.5 million dollars. During the week, the floor price of a CryptoPunk reached 44 ETH on December 4th, then stabilized at 40 ETH, approximately 160,000 dollars.
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Other actors in the market
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Even the sales based on Bitcoin ranked second after Ethereum, totaling 43.8 million dollars.Â
Solana, Immutable, Mythos Chain, Polygon, Cardano e Flow contributed with a combined volume of 47 million dollars, highlighting the diversification of the NFT market.
The rise in NFT sales on Ethereum coincided with a significant increase in the price of ETH. On December 6, Ethereum surpassed the $4,000 threshold, reaching a high of $4,067.Â
This surge has sparked enthusiasm among analysts, some of whom speculate a potential rally similar to the one experienced between 2016 and 2017. There are those who predict that ETH could reach 15,000 dollars in the near future.
In other words, the rapid growth of NFT sales during the first week of December confirms the appeal of this bull market.Â
Iconic collections like Pudgy Penguins and CryptoPunks continue to generate interest, while Ethereum strengthens its central role in the blockchain landscape for digital collectible items.
If the trend continues, December could close as one of the most profitable months of the year for NFTs. Consequently marking a new phase of growth for this dynamic and constantly evolving sector.
