The anticipated Christmas event has provided fans with heart-warming messages, festive joy and exciting sporting moments, with many celebrities and teams sharing warm wishes and gratitude. The crypto and non-fungible token communities have also taken to it, with some using blockchain technology to gift to their family and friends. In response to this festive hype, the number of investors purchasing non-fungible token collections has increased, by over 27% from the past week.
NFT Buyers Up +20% This Week
Data collected by cryptoslam.ioan on-chain crypto and non-fungible token collection explorer that tracks digital collectibles across more than 20 blockchain networks, shows that the number of crypto users trading non-fungible tokens increased by 27% in the past week. Over the past seven days, more than 300,000 traders on the global NFT market have purchased NFT collections. This increase has brought total trade sales volume to $63 million.
The increase in NFT buyers coincides with the Christmas celebrations that started earlier this week. NFTs create unique, modern holiday gifts, allowing personalized digital art, collectibles or Christmas-themed items to be shared via blockchain. The Christmas NFT use case includes donating digital assets in virtual “wrapped” boxes, launching holiday-themed collections, and using a blockchain network for transparent charitable donations.
Pudgy Penguins, the team behind the globally recognized Pudgy Penguins non-fungible token collection, celebrated the holiday season with a large-scale animated exhibition on the exterior of the Las Vegas Sphere, which went live on Christmas Eve. The project, known for its NFT characters and physical toys, also shared several holiday-themed images and art on social media.
Bitcoin NFTs Rise +50% This Festive Week
Ethereum, the blockchain network known in the NFT market for hosting the majority of blue-chip non-fungible token collections, led the market this festive week. In the past seven days, Ethereum-based NFTs have recorded a trading sales volume of more than $20 million. During this period, Ethereum NFT sales volume fell 24% from the previous week.
Bitcoin, the blockchain network known in the NFT market for powering the popular Ordinals, BRC-20, and Rune NFT collections, was the second most traded blockchain network in the NFT market this week. In the last seven days, the Bitcoin-based NFT collection has generated a trade sales volume of $12 million. During this time, Bitcoin NFT sales volume has increased by 53% from the past week.
BNB Chain, a fast and cheap Layer-1 blockchain ecosystem popular for NFTs, DeFi and GameFi, was the third most traded blockchain network in the NFT market this festive week. Over the past seven days, BNB Chain NFT collections have amassed a trade sales volume of $7 million, while Polygon recorded a trade sales volume of $5.6 million, up +15% from the past week. Mythos Chain was the fifth most traded blockchain network with $4.3 million in revenue.
Bestselling NFTs this festive week
1. Courtyard NFT Collection
Courtyard, a non-fungible token collection of randomly generated digital assets stored on the Polygon blockchain network, was the second most traded NFT collection this Christmas week. In the last seven days, the Courtyard NFT collection has reached a trade sales volume of $4.5 million. During this period, Courtyard NFT trading volume increased 23% from the previous week.
2. DMarket NFT Collection
DMarket, a non-fungible token collection on the Mythos Chain featuring in-game virtual items (skins) for the NFT games such as Counter-Strike 2 and Dota 2, was the second best-selling non-fungible token collection on the global NFT market this Christmas week. Over the past seven days, the DMarket NFT collection has recorded a trade sales volume of $4.1 million, down 4.90% from the past week.
3.?? BRC-20 NFT Collection
$??, a renowned non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, was the third best-selling non-fungible token collection on the global NFT market this Christmas week. Over the past seven days, the $?? The BRC-20 NFT collection has amassed a trade sales volume of $3.4 million. During this time the $?? BRC-20 NFT sales volume has increased 333% in the past week.
4. CryptoPunks NFT Collection
CryptoPunks, a globally recognized non-fungible token collection with a limited edition of 10,000 pixelated NFTs previously created by digital company Larva Labs but now managed by the Infinite Node Foundation, was the fourth best-selling NFT collection on the global NFT market this week. Over the past seven days, the CryptoPunks NFT collection has generated a trade sales volume of $2.6 million. During this period, Punk’s NFT sales volume increased by 66% compared to the previous week.
5. Yes Bond NFT Collection
Yes, Bond, a prominent and actively traded non-fungible token collection of digital collectibles hosted on the BNB Chain, was the fifth most traded non-fungible token collection on the NFT market this Christmas week. In the last seven days, Yes Bond’s non-fungible token collection has amassed a traded sales volume of +$2.2 million. During this period, Yes Bond NFT sales increased by 6.98%.
6. $X@AI BRC-20 NFT Collection
$X@AI, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 token standard and ordinal protocol, was the sixth best-selling non-fungible token collection on the global NFT market this week. Over the past seven days, the $X@AI BRC-20 NFT collection has amassed a trade sales volume of $1.9 million. The sales volume of this NFT collection has increased by +1,000% in the past week.
7. Guilds Of Guardians Heroes NFT Collection
Guild of Guardians Avatar, a renowned non-fungible token collection from Guild of Guardians, a multiplayer, action, mobile fantasy role-playing game that allows players to play as heroes and progress through dungeons to collect resources, was the seventh best-selling NFT collection this week. Over the past seven days, the Guild of Guardians Heroes NFT Collection has generated $1.8 million in sales volume. During this period, Guild of Guardians Heroes NFT sales volume dropped 12% from the previous week.
8. Pudgy Penguins NFT Collection
Pudgy Penguins, a globally recognized non-fungible token collection from digital asset company Igloo Inc with a fixed supply of 8,888 cute penguin cartoons hosted on the Ethereum blockchain network, was the eighth best-selling NFT collection on the NFT market this week. Over the past seven days, the Pudgy Penguins NFT Collection has recorded a trade sales volume of $1.7 million. During this period, Pudgy Penguins NFT trading volume fell 16% from the previous week.
9. Milady Maker NFT Collection
Milady Maker, another globally recognized non-fungible token series from digital asset firm Remilia with a limited supply of 10,000 neo-chibi NFT collections, was the ninth best-selling non-fungible token collection in the global NFT market last week. In the last seven days, the Milady Maker NFT collection has reached a trade sales volume of over $1.5 million.
NFT Market Forecast
The NFT market will be in a phase of structural maturity and transition at the end of 2025. In recent months, the market has undergone a significant decline from its all-time high (ATH), with the cumulative market capitalization declining significantly. Nevertheless, the global NFT market is expected to recover in the coming weeks or months and may test another bull run, albeit lower than the historic 2021 bull run.
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