The non-fungible token market has surged again today, following the footprints of the broader crypto bear market, which is also skyrocketing. In a remarkable turn of events, the NFT market, spearheaded by Ethereum NFTs, has experienced a dramatic resurgence, with daily trading sales volume climbing past $50 million for the second consecutive day. This NFT surge signals renewed investor confidence and growing interest in NFT items.

NFTs Record $55M In Daily Sales Volume

Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, indicates that the non-fungible token market has surged again in daily trading sales volume. In the past 24 hours, the non-fungible token market has amassed a trading sales volume of $55 million, up 3.29% from the past days. The no of traders acquiring NFTs have surged by 18%.

The NFT market climbed past $50 million in sales volume after many blue-ship non-fungible token collections exploded in floor price value and trading sales volume. On December 16, the non-fungible token market recorded a trading sales volume of $52 million, the highest trading sales volume since April 2024. The NFT market saw more than 31,000 collectors buying NFTs.

Ethereum, the blockchain network powering Ether crypto and renowned in the NFT market for powering the majority of blue-chip non-fungible token collections, is today’s NFT market leader. In the past 24 hours, the Ethereum-based non-fungible token collections have amassed a trading sales volume of $42 million, taking over 70% of the total market sales. During this time, the Ethereum NFT trading sales volume has further increased by 6.31% from the past month.

Top NFT Gainer, Today December 17, 2024

Pudgy Penguins, a non-fungible token created by the toy brand Pudgy Penguins featuring a fixed supply of 8,888 NFTs hosted on the Ethereum blockchain network, is the top gainer in the NFT market. In the past 24 hours, the Pudgy Penguins non-fungible token collection has raised a sales volume of $15 million. During this period, the Pudgy Penguins NFT sales volume has increased by 96% from the past month.

CryptoPunks, a non-fungible token featuring a fixed supply of 10,000 pixilated Ethereum NFTs previously from the digital asset firm Larva Labs but now managed by the Bored Ape creator Yuga Labs, is another top gainer today. In the past 24 hours, the CryptoPunks NFT collection has amassed a trading sales volume of $3 million. During this time, the CryptoPunks NFT sales have surged by 582% from the past day.

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