Is the NFT market waking up again after record sales?

Non-fungible token (NFT) collections are experiencing a strong rebound and yesterday, December 21, they reached a weekly sales volume of more than $304 million, including assets from all networks, figures not seen since April 2024 .

According to browser data CryptoSlamthis increase was driven by the performance of NFTs on the Ethereum network, which experienced a 76% increase compared to the previous week, reaching a sales volume of $201 million.

The good performance they had in the last 7 days exceeds the $296 million in NFT sales in all of September, when digital collections had their lowest monthly volume since 2021.

Bitcoin NFT collections, meanwhile, recorded $40 million in sales, while Solana-based collections had $29 million.

For their part, Mythos Chain, Immutable, Polygon and BNB Chain had a sales volume of more than $25 million in the last 7 days.

Another fact to highlight is that 7 of the top 10 NFT collections that recorded the highest sales volume They are originally from Ethereum.

The Pudgy Penguins Collection recorded a volume of 51 million dollars and it was the one that had the best performance in the week of December 16 to 22.

This growth was fueled by the launch of its native token Pudgy Penguins (PENGU).

As CriptoNoticias has reported, PENGU debuted on the market with a rise of more than 500% and a market capitalization of more than $2 billion.

Although the NFT collection originates from Ethereum, the token operates on the Solana network and has a total supply of 88,888,888,888 PENGU.

According to data from CoinGeckoPudgy Penguins is one of the largest NFT projects on the market, whose value exceeds 531 million dollars.