NFT Sales Surge +50% In December 2024

The non-fungible token market has recorded positive growth in December, marked by a massive surge in trading sales volume and market capitalization.

The non-fungible token market has seen a positive growth in December, marked by a massive surge in trading sales volume and market capitalization. In December, the NFT market saw its trading sales volume rise to nearly $1 billion, up over 55% from November 2024. This continued NFT surge was fueled by the recent resurgence in the Ethereum-based NFTs and Donald Trump’s recent re-election in the United States, among other factors.

NFT Sales Surge +50% In December 2024

Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a non-fungible token market data explorer, shows that the global non-fungible token market has surged in trading sales volume in December 2024. From December 01 to December 30, 2024, the NFT market recorded a trading sales volume of $874 million, up over 55% from November. The NFT market recorded just $561 million in November 2024.

Ethereum, the blockchain network renowned in the NFT market for hosting the majority of blue-chip NFTs, has been the most traded blockchain network in the NFT market, outperforming Bitcoin by almost threefold. In the past 30 days, the Ethereum–based NFTs have amassed a trading sales volume of $484 million. During this period, the Ethereum NFT trading sales volume has surged by 70% from the past month.

Bitcoin, the blockchain network renowned in the non-fungible token market for hosting Runes, Ordinals, and BRC-20 NFTs, has recorded negative growth in December, becoming the second most-traded blockchain network in the NFT market. In the past 30 days, the Bitcoin-based NFT collections have recorded a trading sale volume of $172 million. During this period, the Bitcoin NFT trading sales volume has fallen by 16.94% from the past month.

Solana, a blockchain network that uses a proof-of-stake mechanism to provide smart contract functionality for decentralized applications (DApps) and non-fungible token collections, has also recorded negative growth in December, emerging third most-traded NFT blockchain in the NFT market. In the past 30 days, the Solana-based NFT collections have raised a trading sales volume of $101 million. During this period, the Solana NFT trading sales volume has plunged by 4.58% from the past month.

Immutable, an Ethereum Layer 2 scaling solution network, renowned in the NFT market for hosting blockchain games, including the Illuvium, Gods Unchained, and Guild of Guardians, has been the fourth most traded blockchain net in the NFT market in December 2024. In the past 30 days, the Immutable-based NFTs have raised a trading sales volume of $36 million. During this time, the Immutable NFT sales volume has surged by 54% from the past month.

Mythos Chain, a permissioned Ethereum Virtual Machine (EVM) blockchain network optimized for in-game assets within the Mythical Games ecosystem, has been the fifth most-traded network in the NFT market in December 2024. In the past 30 days, the Mythos-based NFT collections have raised a sales volume of $26 million, closing our five top-traded NFT blockchain networks in December 2024. The Mythos Chain NFT sales volume has plunged by 33% this December.

Top Selling NFT Collections In December 2024

1. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from the digital asset firm Igloo Inc. featuring a limited set of 8,888 digital items hosted on the Ethereum blockchain network, has been the top most-selling non-fungible token collection in the NFT market in December. From December 01 to December 30, 2024, the Pudgy Penguins NFT collection recorded a trading sales volume of $115 million. Pudgy Penguins NFT sales volume has surged by 673% from the past month.

2. $?? BRC-20 NFT Collection

$??, a renowned digital collectible collection created on the Bitcoin blockchain network, is this month’s second most-selling NFT collection in the NFT market. BRC-20 tokens are a new class of fungible tokens that operate on the Bitcoin blockchain network, utilizing the popular BRC-20 protocol to enable smart contract functionalities. From December 01 to December 30, the $?? BRC-20 NFT collection has recorded a trading sales volume of $42 million, down 41% from the past month.

3. Azuki NFT Collection

Blue-chip Azuki, a non-fungible token collection from the digital asset incubation studio Chi