Ethereum NFT Trading Volume Surges 52.77% as Market Rebounds to $1.884 Billion
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COINOTAG News reported on December 8th that recent data from Cryptoslam indicates a robust recovery in the NFT market. Over the last week, the NFT trading volume surged to $1.884 billion, reflecting a notable 22.52% increase. Additionally, the past 30-day trading volume reached $6.812 billion, marking an 11.79% growth.
In terms of blockchain performance, the Ethereum blockchain witnessed a 7-day trading volume of $92.48 million, which is a substantial increase of 52.77%. Meanwhile, the Solana blockchain also experienced a significant uptick with $17 million in trading volume over the same period, showcasing a comparable 52.77% increase.
The leading NFT collections contributing to this revival include Pudgy Penguins, which reported a remarkable 324% surge in trading volume to $22.88 million. CryptoPunks and Guild of Guardians Heroes also demonstrated strong performance with increases of 38.3% and 50.3% respectively, achieving trading volumes of $16.7 million and $9.14 million.