NFT Market Sees Pudgy Penguins at the Top with $768K in Sales

The non-fungible token (NFT) market remains active, with several collections and marketplaces reporting significant trading volume over the past 24 hours. The Pudgy Penguins collection currently holds the position of top NFT collection due to its high 24-hour trading volume that reached $768.28K. According to transaction data, the collection achieved $768.28K worth of total volume which was the highest among all available collections. Transactions for Courtyard reached $660.57K while Bored Ape Yacht Club (BAYC) achieved $346.06K of daily trading.

CryptoPunks, together with Doodles V4 and Autoglyphs, achieved trading amounts of $251.88K, while $235.43K and $210.80K were recorded, respectively. Within the 24-hour period, Guild of Guardians and Lil Pudgys traded at $193.39K and $159.27K each, indicating the continuing market attraction toward established NFT projects.

Top NFT Sales in the Last 24 Hours

The leading NFT transaction during the last day involved Autoglyph #364, with a selling price of $210.80K. CryptoPunk #7662, Cryptopunk#233, CryptoPunk#6193, and Pudgy Penguin #7374 recorded $84.6K, 84.22K, 83.01 K, and 60.22 K, respectively. The Art Blocks ecosystem stands out for its on-chain generative artwork while retaining strong market demand for its sales of generative art NFTs.

The Bored Ape Yacht Club and Pudgy Penguins collections joined blue-chip NFTs in dominating the current market through their significant sales. High-value transactions play an essential role within the NFT industry because digital asset collectors actively search for scarce digital assets.

NFT Marketplaces: Trading Volumes and User Activity

OpenSea emerged as the leader in NFT trading volume through its $3.36 million transactions recorded within 24 hours. Among various marketplaces Blur proved most successful for trading at $1.17 million while Element achieved a total of $614K and both Magic Eden and CryptoPunks showed trading volumes of $490K and $251K respectively.

The total number of users who completed transactions across various platforms reached 798 throughout the period. OpenSea maintains its dominance in market share but Blur has succeeded in attracting professional traders by becoming a significant competitor.