The increase in Ethereum NFT trading volume is closely related to the continued development of Pudgy Penguins, the NFT project currently ranked third in market value, during the past NFT bear market. The market value of emerging avatar project Pandora has also quickly reached fifth place.

Ethereum NFT trading volume rebounds

Data from The Block shows that although Bitcoin NFT transaction volume has grown significantly since November last year, it has surpassed Ethereum for the first time.

However, after reaching a peak in December, the transaction volumes of the two began to overtake each other, and the transaction volume on the Ethereum NFT chain is now at the highest level for the week since February 26 last year.

NFT transaction volume of each chain Pudgy Penguins has risen strongly, ranking third in market value

The increase in Ethereum NFT trading volume is closely related to the continued development of Pudgy Penguins, the NFT project currently ranked third in market value, in the past NFT bear market. Its market value continues to approach that of Bored Ape Yacht Club (BAYC), a subsidiary of Yuga Labs.

Another project under Yuga Labs, CryptoPunks, still ranks first in market value, and the market value of emerging avatar project Pandora quickly entered the top five:

(How does the avatar project Pandora use ERC404 to bring NFT into Uniswap’s trading pool?)

  • CryptoPunks：599,700 ETH

  • BAYC：231,953 ETH

  • Pudgy Penguins：185,048 ETH

  • The Avatar Project：166,056 ETH

  • Pandora：119,584 ETH

Source: NFTGo Pudgy Penguins floor price is pressing BAYC

NFTGo data shows that Pudgy Penguins has ranked first in trading volume in the past 3 months and 30 days, with a floor price of 20.82 ETH and BAYC’s floor price of 23.04 ETH.

In addition to the progress in Pudgy Penguins’ physical toy business, the floor price of its sub-project Lil Pudgys also reached a record high of 2.18 ETH.

In addition, Pudgy Penguins’ in-development game Pudgy World is said to be coming to Apple Vision Pro.

(Blue-chip NFT Pudgy Penguins will launch the online game Pudgy World next year)

30-day trading volume

This article Ethereum NFT transaction volume is approaching a new yearly high, and Pudgy Penguins’ market value is third, closely following Bored Ape. First appeared in Chain News ABMedia.