NFTs start the month of December with a weekly sales volume of $187 million
Non-perishable tokens (NFTs) got off to a strong start in December, with Ethereum leading the top digital collectible blockchain in sales.
On December 8, NFT data tracker CryptoSlam reported that digital collectors recorded weekly sales of more than $187 million in the first week of December, continuing an upward trend that began in October. December's opening week surpassed the strongest week in November, which saw $181 million in NFT sales.
NFTs fell from March before hitting their lowest point in September, when they recorded their worst monthly sales since 2021. But part of the property was returned in October. NFTs saw over $562 million in sales in November, a 57% month-over-month increase.
Ethereum leads the top NFT blockchains with $92 million in sales.
Ethereum recorded $92 million in NFT sales last week, an increase of 44.69% from the previous week. Support was driven by popular NFT clusters such as Pudgy Penguins and CryptoPunks, which posted strong performances.
According to CryptoSlam, Pudgy Penguin has recorded $25 million in sales, a 346% increase from the previous week. Data from Defillama shows that the pool's floor price has risen from 13 Ether (ETH) on November 30 to 20.9 ETH, as of December 8, which is estimated at approximately 83,000.
CryptoPunks ranks second among NFT collectives with weekly sales of $16.5 million. The pool's floor price briefly rose to 44 ETH before settling at 40 ETH on December 4, which is $160,000 on December 8.
High NFT concentrations in seven-day trading volumes. Source: CryptoSlam
Bitcoin-based NFTs followed Ethereum in second place, with sales of $43.8 million. Meanwhile, Solana, Immutable, Mythos Chain, Polygon, Cardano and Flow had weekly sales of $47 million.
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Ethereum price breaks above $4,000.
The rise of Ethereum's NFT has been linked to the loss of ETH's price. On December 6, Ethereum rose above $4,000, reaching a high of $4,067 on December 6.
One analyst has suggested that ETH may be on the verge of a paradigm shift, predicting a rally similar to the explosive growth between 2016 and 2017.
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