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    Ethereum-linked NFT sales hit new high with $304 million in transactions last week

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    Last week, sales of non-fungible tokens (NFTs) linked to Ethereum reached $304 million, surpassing September’s record of $296 million. CryptoSlam reported that Ethereum-linked NFTs saw a 76% increase and made up 66% of all NFT sales. Bitcoin-based NFTs brought in $40 million and Solana-based collectibles scored $29 million. Pudgy Penguins was the top-selling collection with a $54.4 million volume. As of December 21, sales volumes for the month had already reached $678 million, outdoing November’s record and marking December the best performing month for NFT sales since May.

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    Last week, sales of digital collectibles, specifically non-fungible tokens (NFTs), linked to Ethereum blew up big time. As a result, the weekly sales volume of digital collectibles bumped up to an impressive $304 million.

    According to CryptoSlam, a data tracker, Ethereum-linked NFTs saw a huge 76% increase from one week to the next, bringing in $201 million in sales. That’s kind of a big deal—it made up 66% of all NFT sales within that week.

    On the other hand, Bitcoin-based NFTs brought in $40 million in sales, while Solana-based collectibles scored $29 million. A combination of four others (Mythos Chain, Immutable, Polygon, and BNB Chain) collectively brought in a weekly total of $25.9 million.

    This weekly figure is even greater than the $296 million NFT sales record set in September, a month that was actually pretty slow for digital collectibles sales.

    When looking at the top 10 NFT collections by sales volume last week, Ethereum-based offerings came out on top. The Pudgy Penguins collection won top spot with a whopping $54.4 million volume, while the LilPudgys collection within the same project came second with nearly $20 million in sales.

    There were notable increases in other collections as well. The Azuki NFT collection increased by 130% from one week to the next, recording $18 million in sales, with its Azuki Elementals collection going up by 226% after securing a $7 million sales volume. Other big hitters like Doodles and CryptoPunks also had strong sales volumes last week, bringing in $13 million and $7.4 million, respectively.

    The NFT game has been pretty intense since the start of December. The first week saw sales come up to $187 million, with Pudgy Penguins again leading the pack. However, the Pudgy Penguins’ own crypto token (PENGU) wasn’t performing as well, with its value dropping by more than 50% after its launch.

    As of December 21, December’s NFT sales volumes had already reached a staggering $678 million, beating November’s record of $562 million. This makes December the best performing month for NFT sales since May, when sales hit $602 million.

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