Ethereum NFT collections surged last week, with Pudgy Penguins, LilPudgys, Azuki, and Doodles leading, driving total sales to $304M.
The aggregate weekly sales volumes of digital collectibles surged to $304 million last week as a result of the surge in Ethereum-based non-fungible token (NFT) collections.
On December 21, CryptoSlam, a data tracker, reported that the sales volume of Ethereum NFTs increased by 76% week over week, reaching $201 million.
This accounts for 66% of the total volume of Ethereum NFT sales in the past seven days.
In contrast, Solana-based collections generated $29 million in revenue, while Bitcoin-based NFTs generated $40 million in sales.
The weekly volume of Mythos Chain, Immutable, Polygon, and BNB Chain was $25.9 million.
The weekly record also surpasses the $296 million NFT sales record for September, which was the lowest monthly sales volume for digital collections since 2021.
Ethereum NFT Collections Dominate Rankings
Ethereum was the foundation of seven of the top 10 NFT collections by sales volume last week.
The Pudgy Penguins collection was the most successful collection of the week, with a volume of $54.4 million.
In the interim, the LilPudgys collection of the initiative secured the second position, with nearly $20 million in sales.
The Azuki NFT collection experienced a 130% increase in sales compared to the previous week, resulting in $18 million in revenue.
The Azuki Elementals collection of the initiative experienced a 226% week-on-week increase following a $7 million sales volume.
The top 10 collections by sales volumes last week also included popular Ethereum NFT collections such as CryptoPunks and Doodles.
CryptoPunks recorded a volume of $7.4 million, while Doodles had $13 million.
NFTs Maintain Their Momentum From Early December
Since the beginning of December, the weekly volumes of NFT have been robust.
The first week of the month saw a total of $187 million in transactions for digital collectibles.
The Pudgy Penguins collection also dominated the week with a sales volume of $25 million.
Although Pudgy Penguins NFTs are the most prevalent in the NFT space in terms of volume, its crypto token is not performing as well.
The Pudgy Penguins (PENGU) token from the collection experienced a 50% decline in value following its activation on December 17.
The token is currently trading at $0.03, which is approximately 55% below its greatest price record, according to CoinGecko data.
The previous month’s record of $562 million was surpassed by the NFT sales volumes for December, which had already reached $678 million in just 21 days.
The sales record in December is also the highest-performing month for NFTs since May when the space saw $602 million in sales.
