On December 21, data tracking platform CryptoSlam reported that Ethereum-based NFTs experienced a 76% increase week-on-week, reaching $201 million in sales. This represents 66% of the total NFT sales volume over the past seven days.

In comparison, Bitcoin-based NFTs recorded $40 million in sales, while Solana-based collections reached $29 million in sales. Mythos Chain, Immutable, Polygon, and BNB Chain collectively recorded a weekly volume of $25.9 million.

This weekly record also surpassed the previous NFT sales record of $296 million set in September, when digital collectibles saw their lowest monthly sales volume since 2021.

Ethereum Collections Lead the NFT Rankings

Last week, seven out of the top 10 NFT collections by sales volume were Ethereum-based.

Pudgy Penguins collection topped the week with a sales volume of $54.4 million.

In second place was the project’s LilPudgys collection, which recorded approximately $20 million in sales.

7 Out of The Top 10 NFT Collections For The Week Are Ethereum-based Collections

The Azuki NFT collection saw a 130% increase compared to last week, reaching $18 million in sales volume.

The project’s Azuki Elementals collection recorded a 226% week-on-week increase, achieving $7 million in sales.

Popular NFT collections like Doodles and CryptoPunks also made it into the top 10 collections by sales volume last week. Doodles recorded $13 million, while CryptoPunks achieved a sales volume of $7.4 million.

NFTs Maintain Momentum from Early December

NFT weekly volumes have been strong since the beginning of December. Digital collectibles recorded $187 million in sales during the first week of the month, with the Pudgy Penguins collection leading the week with $25 million in sales.

While Pudgy Penguins NFTs dominate in volume, the collection’s crypto token has not shared the same success. On December 17, the Pudgy Penguins (PENGU) token dropped by over 50% after its launch.

According to CoinGecko data, the token is currently trading at $0.03, which is about a 55% decrease from its peak price.

In just 21 days, December’s NFT sales volume reached $678 million, surpassing the previous month’s record of $562 million.

This sales record makes December the highest-performing month for NFTs since May, when the market saw $602 million in sales.

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