TechFlow reported on December 25, citing CryptoSlate, that according to NFT Price Floor data, the top ten NFT collections recorded an average increase of 6.4% over the past seven days, significantly outperforming the broader cryptocurrency market which saw an average decline of 8.6%. Among them, Space Doodles led with a surge of 44.7%, followed by Lil Pudgys and Doodles with gains of 35.1% and 34.8% respectively. Azuki and Pudgy Penguins also posted positive growth exceeding 14%.
However, overall market trading activity remains weak. Weekly NFT trading volume on Ethereum amounted to $129 million, down 28.5% from the previous week. Bitcoin and Solana NFT trading volumes reached $29.3 million and $24.3 million respectively, declining 46% and 38.5% week-on-week. Major NFT collections remain significantly below their historical highs: CryptoPunks is down 65% from its peak of 114 ETH in October 2021, BAYC has fallen 87% from its high of 128 ETH in April 2022, while MAYC is down 91% from its all-time peak.
