NFT sales surge 34% to $196.2m, Ethereum network showcases 97% spike in sales

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The non-fungible token, or NFT, market has proven first rate progress amid Bitcoin’s historic breakthrough exceeding $100,000.

The surge in cryptocurrency costs continues as Ethereum (ETH) strengthens its place, climbing 3.5% within the final 24 hours to reclaim the $4,000 stage.

The worldwide cryptocurrency market capitalization has expanded to $3.67 trillion from final week’s $3.42 trillion. It is a 2.3% improve over the past day, with Bitcoin (BTC) buying and selling round $99,611 finally verify Saturday. See beneath.

NFT sales surge 34% to $196.2m, Ethereum network showcases 97% spike in sales - 1

Supply: CoinGecko

In line with the most recent information from CryptoSlam, the NFT market has skilled a serious upswing, with complete gross sales quantity reaching $196.2 million. It is a 34.23% improve from final week’s $146.5 million.

The market metrics present enlargement throughout all key indicators:

NFT consumers have elevated to 693,833, displaying a wholesome 20.29% progress
NFT sellers have grown to 402,069, with a 15.97% improve
NFT transactions have barely decreased by 1.92% to 1,405,054

You may additionally like: As Bitcoin tops $100k analysts put together for volatility and correction fears

Ethereum Leads with main Development

The Ethereum NFT blockchain has proven the best efficiency, practically doubling its gross sales quantity to $100.9 million. This marks a 97.33% improve within the final seven days. The community has attracted 61,020 consumers, representing a 23.15% progress. Notably, wash buying and selling additionally elevated by 52.79% to $18.2 million, indicating heightened market exercise.

Supply: Blockchains by NFT Gross sales Quantity (CryptoSlam)

Bitcoin’s NFT ecosystem, whereas sustaining its second place, skilled a slight decline of 6.84%. The gross sales quantity of the Bitcoin community stood at $45.1 million. Nonetheless, the community continues to point out sturdy person engagement with 67,188 consumers, a 22.38% improve from the earlier interval.

Solana (SOL) has maintained its third place with $16.2 million in gross sales. Solana has proven solely a modest 6.58% improve. Nonetheless, the community has sturdy person participation with 269,871 consumers.

Mythos Chain and ImmutableX (IMX) spherical out the highest 5, with gross sales of $11.2 million and $10.6 million, respectively.

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Pudgy Penguins Lead Assortment Rankings

The announcement of their PENGU token launch has pushed Pudgy Penguins to the highest place with $21.6 million in gross sales. This marks a 384.26% improve within the final seven days.

Introducing $PENGU, the official coin of Pudgy Penguins.
Launching in 2024. Be taught extra beneath. pic.twitter.com/J715bODcM6
— Pudgy Penguins (@pudgypenguins) December 6, 2024

CryptoPunks follows carefully with $21.3 million in gross sales, displaying spectacular progress of 173.86%. BRC-20 NFTs have moved to 3rd place with $9.9 million in gross sales, whereas Guild of Guardians Heroes and Uncategorized Ordinals full the highest 5 with $8.9 million and $8.4 million in gross sales, respectively.