Ethereum NFT sales climb to $304M in a week

Ethereum-based (CRYPTO:ETH) non-fungible token (NFT) collections drove weekly sales volumes to $304 million, according to CryptoSlam data published on December 21.

The figure marks a 76% increase from the previous week, with Ethereum NFTs contributing $201 million, or 66% of the total volume.

Bitcoin (CRYPTO:BTC) NFTs generated $40 million, while Solana-based (CRYPTO:SOL) collections reached $29 million.

Other blockchains, including Mythos (CRYPTO:MYTH), Immutable (CRYPTO:IMX), Polygon (CRYPTO:MATIC), and BNB (CRYPTO:BNB), collectively recorded $25.9 million in sales.

The total surpasses the September low of $296 million, the weakest monthly sales volume since 2021.

Among Ethereum collections, seven of the top ten by sales volume led the market.

Pudgy Penguins (CRYPTO:PENGU) emerged as the top collection, with $54.4 million in sales.

Its LilPudgys spin-off followed, generating nearly $20 million.

Azuki (CRYPTO:AZUKI) recorded $18 million, a 130% increase from the prior week, while its Azuki Elementals collection saw a 226% surge, totaling $7 million.

Doodles and CryptoPunks also ranked among the top collections, with $13 million and $7.4 million in sales, respectively.

"Pudgy Penguins NFTs dominate the NFT space in volume," noted CryptoSlam, though its associated token, Pudgy Penguins, has underperformed, dropping over 50% since its launch.

It trades at $0.03, a 55% decline from its peak, according to CoinGecko.

December has been a strong month for NFTs, with weekly sales volumes hitting $187 million in early December.

By December 21, the month’s total reached $678 million, reaching November’s $562 million.

At the time of reporting, the Ethereum (ETH) price was $3,316.11.