Bittime - Ethereum NFT sales hit incredible numbers last week, with trading volume reaching $304 million.
This figure represents a 76% increase compared to the previous week, with trading volume reaching just $201 million. Read this article to find out more!
Ethereum NFT Sales Soar
Source: Inside Bitcoins
The sharp rise in Ethereum NFT sales is largely driven by the growing popularity of several NFT collections.
For example, the Azuki Elementals collection saw sales spike by 226% compared to the previous week, reaching $7 million.
Meanwhile, the Pudgy Penguins collection leads with sales volume of $54.4 million, followed by LilPudgys with nearly $20 million.
Also Read: What is NFT? Definition and How Non-Fungible Tokens Work
Ethereum NFT Sales Record Set in December
NFT sales volume in December reached $678 million in the first 21 days, surpassing the previous monthly record of $562 million.
These figures confirm the positive trend in the NFT market, with the interest of collectors and investors continuing to grow.
With the popularity of collectibles growing, Ethereum NFTs look set to dominate the digital asset market in the coming months.
Also Read: Major Badge Achievement Code, Claim Your Free Profile NFT!
Ethereum NFT Sales Comparison with Other Networks
In addition to Ethereum NFTs, Bitcoin NFTs also showed significant performance. In the last 7 days, the trading volume of Bitcoin-based NFTs reached $35 million and became the second most traded blockchain in the NFT ecosystem.
In addition, Solana and Mythos Chain also recorded high activity in the NFT market. Solana NFT sales volume reached $28 million, although it was down 7.25% from the previous week.
Meanwhile, Mythos Chain NFT, which focuses on gaming items, recorded a trading volume of $10 million, although it was down 0.42% from the previous week.
Also Read: Sad! Nike NFT Project Will Be "Completed" in 2025, Why?
NFT FAQs
What is NFT?
NFT or Non-Fungible Token is a unique digital asset that uses blockchain technology to record ownership. Unlike crypto assets, each NFT has a different value and characteristics so they cannot be exchanged for each other.
How to Buy NFT?
To buy NFTs, you need a digital wallet that supports cryptocurrency. After that, you can visit the NFT marketplace to choose and buy the NFT you want.
How to Sell NFT?
To sell an NFT, you need to upload it to an NFT marketplace. After that, set a price or auction for your NFT, then promote it to attract potential buyers.
How to Buy Crypto on Bittime
Want to trade and buy Bitcoin and invest in crypto easily? Bittime is ready to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures that every transaction is safe and fast.
Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check BTC to IDR , ETH to IDR , SOL to IDR and other crypto assets rates to find out today's crypto market trends in real-time on Bittime.
Also, visit Bittime Blog for interesting updates and educational information about the crypto world. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the crypto world.
Reference
Eddy S., 304 Million In 7 Days: The Ethereum NFT Market Explodes, accessed December 23, 2024.
Dominic Kimani, NFT Sales Soar 34% This Week To Reach $304M – InsideBitcoins, accessed December 23, 2024.
Author: IPR
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