Ethereum NFT collections drive weekly volume to 4M

Ethereum-based non-fungible token (NFT) collections surged last week, driving the overall digital collectible weekly sales volumes to $304 million. 

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

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

The weekly record also surpasses the $296 million NFT sales record for September, when digital collections had their lowest monthly sales volume since 2021. 

Ethereum collections dominate NFT rankings

Last week, seven of the top 10 NFT collections by sales volume were based on Ethereum. The Pudgy…

Read Full Article at: Cointelegraph.com News

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