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Cryptocurrency News Articles

Non-Fungible Token (NFT) Sales Climbed 10.7% Over the Past Week, Amassing $155.6 Million in Sales Within a Seven-Day Window

Jan 11, 2025 at 03:45 pm

Penguins, Abstract Beings, and Base's Meteoric Rise

Non-Fungible Token (NFT) Sales Climbed 10.7% Over the Past Week, Amassing $155.6 Million in Sales Within a Seven-Day Window

Non-fungible token (NFT) sales climbed over the past week, with total sales reaching $155.6 million within a seven-day window. While overall NFT sales increased, the number of buyers dropped by a staggering 85.1% compared to the prior week.

Ethereum-based NFTs maintained their dominance, accounting for $61.64 million of total sales. NFTs minted on Bitcoin followed closely, with weekly sales reaching $31.02 million. Ethereum NFT sales saw a 14.6% increase, whereas Bitcoin NFT sales experienced a slight dip of 0.29%.

Solana recorded just over $20 million in sales, marking a 10.18% rise from the previous week. The Polkadot Mythos network registered $12.46 million in sales, while Base secured the fifth spot with $8.36 million, reflecting a significant 219.1% growth. Interestingly, Blast also experienced a 219.1% uptick, although its weekly volume was modest at $885,987.

The highest-selling NFT this week was from the Expose Stream collection, which fetched $474,710. On Polygon, Piggybox #13463449 sold for $288,921, while Bitcoin’s Abstract Beings by Memphis was purchased for $222,680.

Pudgy Penguins emerged as the top-performing collection, achieving $8,664,576 in sales. Pudgy Penguins’ performance represented a 78.5% improvement from the prior week. On the Bitcoin blockchain, BRC20-styled NFTs generated $8.37 million in sales, a 43.36% increase. Mythos’ Dmarket platform recorded $7,270,498 in sales, a minimal rise of 1.43%. Guild of Guardians, an Immutable-ZK collection, took the fourth spot with $5,444,976 in sales, reflecting a 5.82% decline. Azuki rounded out the top five collections with $4,397,764 in weekly sales, a sharp decrease of 51.58%.

This week's varied NFT sales data reflect a mix of gains and contractions across multiple blockchains and collections. As the NFT market continues to evolve, shifts in demand and buyer preferences are likely to influence its trajectory. The developments in 2025 could prove pivotal for the digital collectibles sector.

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