Base Blasts Off 219% as NFTs Hit $155M This Week: Winners, Losers, and Big Spenders

news.bitcoin.com 11 January 2025 10:49, UTC

NFT

Non-fungible token ($NFT) sales climbed 10.7% over the past week, amassing $155.6 million in sales within a seven-day window.

Penguins, Abstract Beings, and Base’s Meteoric Rise

According to data from cryptoslam.io, while overall $NFT sales increased, the number of buyers dropped by a staggering 85.1% compared to the prior week. Ethereum-based NFTs maintained their dominance, accounting for $61.64 million of total sales. NFTs minted on Bitcoin followed closely, with weekly sales reaching $31.02 million. Ethereum $NFT sales saw a 14.6% increase, whereas Bitcoin $NFT sales experienced a slight dip of 0.29%.

Screenshot from cryptoslam.io on Jan. 10, 2025.

Solana recorded just over $20 million in sales, marking a 10.18% rise from the previous week. The Polkadot Mythos network registered $12.46 million in sales, while Base secured the fifth spot with $8.36 million, reflecting a significant 219.1% growth. Interestingly, Blast also experienced a 219.1% uptick, although its weekly volume was modest at $885,987. Pudgy Penguins emerged as the top-performing collection, achieving $8,664,576 in sales.

Screenshot from cryptoslam.io on Jan. 10, 2025.

Pudgy Penguins’ performance represented a 78.5% improvement from the prior week. On the Bitcoin blockchain, BRC20-styled NFTs generated $8.37 million in sales, a 43.36% increase. Mythos’ Dmarket platform recorded $7,270,498 in sales, a minimal rise of 1.43%. Guild of Guardians, an Immutable-ZK collection, took the fourth spot with $5,444,976 in sales, reflecting a 5.82% decline. Azuki rounded out the top five collections with $4,397,764 in weekly sales, a sharp decrease of 51.58%.

The week’s highest-priced $NFT sale came from the Expose Stream collection, which fetched $474,710. On Polygon, Piggybox #13463449 sold for $288,921, while Bitcoin’s Abstract Beings by Memphis was purchased for $222,680.

Screenshot from cryptoslam.io on Jan. 10, 2025.

This week’s varied $NFT sales data reflect a mix of gains and contractions across multiple blockchains and collections. As the $NFT market continues to evolve, shifts in demand and buyer preferences are likely to influence its trajectory. The developments in 2025 could prove pivotal for the digital collectibles sector.