- NFTs recorded over $187 million in sales during the first week of December, continuing a recovery trend.
- Ethereum led blockchain sales with $92 million, driven by collections like Pudgy Penguins and CryptoPunks.
- Bitcoin NFTs followed in second place with $43.8 million, while Ethereum’s price topped $4,000.
Non-fungible tokens have shown significant growth in December, with sales volume exceeding $187 million during the first week, according to data from CryptoSlam. This figure outpaced November’s strongest weekly sales of $181 million, further solidifying a recovery that began in October.
After months of declining volumes, the NFT market saw its lowest point in September, but October marked a turning point. November recorded a 57% rise in monthly sales, reaching $562 million, and the momentum has carried into December.
Ethereum and Bitcoin NFTs Drive Growth
Ethereum maintained its position as the leading blockchain for NFTs, accounting for $92 million in weekly sales—up 44.69% from the prior week. This surge was bolstered by collections like Pudgy Penguins and CryptoPunks. Pudgy Penguins saw a dramatic 346% rise in sales to $25 million, with its floor price climbing from 13 ETH on November 30 to 20.9 ETH by December 8. CryptoPunks recorded $16.5 million in weekly sales, with its floor price peaking at 44 ETH before stabilizing at 40 ETH.
Bitcoin-based NFTs secured the second spot with $43.8 million in sales, while other blockchains such as Solana, Immutable, and Polygon collectively contributed $47 million.
The increase in NFT activity paralleled Ethereum’s price surge above $4,000 on December 6. Analysts have speculated that Ethereum may experience a significant rally, with some forecasting potential highs of $15,000 in the future.
