Welcome to the weekly summary of hot NFT ecosystem events produced by NFT infrastructure NFTScan.
Period: 2024.12.30~ 2024.01.05
NFT Hot News
01/ Puffer Finance launches community decision-making framework PufferDAO
On December 30, Puffer Finance announced the launch of PufferDAO, a community-driven decision-making framework. Users can pledge PUFFER to mint vePUFFER NFTs and participate in governance. The proposal follows a 5-day discussion, a 2-day review, and then a 7-day voting period.
02/ Ordinals NFT project Quantum Cats bought $1.1 million worth of AIXBT and gave NFT to aixbt
On December 31, Udi, co-founder of Taproot Wizards, revealed that the Quantum Cats treasury of its Ordinals NFT project purchased about 2.1 million AIXBT for about $1.1 million, with an average price of about $0.52. In addition, Quantum Cats also sent the second Quantum Cat NFT to AIXBT officials. Udi said that he will continue to pay attention to the development of aixbt and may decide to add more positions in the future.
03/5 Pudgy Penguins sold for a total of $175, maybe the seller misread the price
On December 31, according to Cointelegraph, someone sold 5 Pudgy Penguins NFTs for a total of $175 today. Some people speculated that the seller mistook the unit price of 35 USDT for 35 ETH (US$117,000) and lost more than US$500,000.
04/inBetweenersNFT and BONK cooperate to launch the All Bears Must Die event
On January 2, the NFT series inBetweenersNFT and BONK cooperated to launch the All Bears Must Die event. Officials said that the specific details will be announced this month.
05/NFT public chain Mint will carry out large-scale airdrops, covering multiple blue-chip NFT project holders and OpenSea, Blur and OKX Web3 historical transaction users
On January 2, according to official news, Mint Blockchain, a blockchain network focusing on the NFT ecosystem, announced the launch of the "NFT Legends Season" event, which will airdrop $MINT to eligible blue-chip NFT holders and historical NFT trading users. This airdrop event covers 58 EVM blue-chip NFT holders including Cryptopunks, BAYC, Pudgy Penguins, Azuki, Doodles, etc., as well as historical trading users with a trading volume of more than 20 ETH on OpenSea, Blur, and OKX Web3 platforms. The total airdrop scale of the event is 1% of the total $MINT economy (10 million $MINT), which will be divided into two stages: receiving the NFT Legend blind box and opening the blind box. The on-chain data snapshot was completed at 8 am on January 1, Beijing time. Qualified wallet addresses can visit the Mint Blockchain official website on January 2 to check their qualifications and receive NFT Legend blind boxes with varying $MINT contents.
06/ Telegram adds new features such as “Convert gifts into NFT” and “Third-party verification”
On January 2, Techcrunch reported that Telegram has released its first update this year, adding a third-party-supported account verification method, a new message search filter, and the ability to convert gifts into NFTs. Accounts verified by a third party will display a unique new logo instead of the traditional blue check mark. Telegram has also introduced a way to convert gifts into NFTs with custom backgrounds and icons. Users can give gifts by spending Telegram Stars, which can be purchased through in-app purchases or on the Fragment website after connecting to a TON crypto wallet. Telegram said users will be able to trade these NFTs on different platforms.
07/ NFT sales in December 2024 totaled approximately US$889 million, up 58.35% from the previous month
On January 2, the NFT sales data on 23 blockchains tracked by CryptoSlam showed that the total NFT sales in December 2024 was approximately US$889 million, up 58.35% from US$561 million in November. Among these sales, NFT sales on the Ethereum chain accounted for 54.92%, or approximately US$488 million, ranking first. NFT sales on the Bitcoin chain accounted for 19.96%, or approximately US$178 million, ranking second. Next is Solana ($102 million), Immutable ($37.97 million), Mythos ($27.17 million), and Polygon ($19.96 million).
08/ Milady-themed NFT market Scatter COO Haiku resigns
On January 3, The Block reported that the COO of Milady-themed NFT series launchpad and market Scatter, under the pseudonym Haiku, announced his resignation. Haiku said, "My work is done." He added that Scatter has grown into a sustainable entity. Anonymous contributor Three has joined Scatter's executive team as the new COO. Haiku will focus on the art collective platform Oekaki Connect.
09/ Nowlin, the developer of the NFT project UndeadApes, committed suicide after being convicted of Rug Pull-related crimes
On January 3, TAMPA reported that Berman Jerry Nowlin, the developer of the UndeadApes project on Solana, who was previously convicted by U.S. federal prosecutors, committed suicide two weeks ago at the age of 21. Earlier in November, a federal jury in Florida, the United States, found Nowlin guilty of federal wire fraud and money laundering, and sentencing is scheduled for January 23, 2025.
10/Data: NFT sales this week fell 17.54% month-on-month to $132.7 million
On January 5, data showed that NFT sales fell 17.54% month-on-month to $132.7 million this week. Ethereum NFT sales fell 25.72% to $56 million, but the number of buyers increased 14.35% to 72,241. Bitcoin NFT bucked the trend, with sales rising 8.38% to $30.3 million. The number of buyers reached 67,423, up 13.68% from the previous week.
NFT on-chain data
01\ NFT multi-chain data overview
As of January 6, 2024, NFTScan currently supports 25 mainstream blockchain networks including Bitcoin, Ethereum, BNBChain, Polygon, Solana, Mint, Avalanche, Arbitrum, Optimism, zkSync, Sei, Starknet, Aptos, Mantle, Linea, Base, TON, Blast, Gravity, Scroll, Viction, Fantom, Moonbeam, PlatON, and Cronos, generating a total of:
Number of NFT contracts: 5,369,328
Number of NFT assets: 2,577,001,128
Number of NFT on-chain records: 8,252,489,433
Total NFT asset market value: $40,635,349,041
NFT historical total transaction volume: $109,432,382,638
02\NFT Trading Market Trends
This week: Blur dominated the market, with the overall transaction volume reaching its highest point on December 30. At 0:00, the Blur market reached a maximum of about $7.16 million. NFTScan recorded 233 trading markets with a total transaction volume of $118.3 million in 7 days. This week, Blur's transaction volume ranked first, and the market transaction volume distribution was relatively stable. The top six trading markets and their distribution ratios are as follows:
Blur: $46,557,442 (39.18%)
OpenSea: $45,942,374 (38.72%)
Element: $6,936,744 (5.86%)
Tensor: $4,354,417 (3.68%)
MagicEden: $4,085,504 (3.45%)
X2Y2: $2,960,128 (2.50%)
03\Top NFT Blue Chip Trends
The current total market value of the 19 blue-chip contracts is 1,095,865 ETH, accounting for 18.37% of the total NFT market value.
This week: The total transaction volume of blue-chip NFTs was 11.15k ETH, the total market transaction volume was 28.07k ETH, and the transaction volume reached a maximum of around 2,058 ETH as of 00:00 on December 31.
04\TOP 10 Wallets
NFTScan analyzed the top 1,000 NFT holding value wallet addresses, and the current top 10 holding value are shown in the figure below:
Top1 Wallet:
0xab14624691d0d1b62f9797368104ef1f8c20df83
This wallet address holds 4,815 NFTs (including 3 NFT Collections), currently holds 64,785 ETH ($236,637,578.1), and has 7,459 interactions.
05\NFT Project Ranking List
The top 10 NFT projects with the highest transaction volume on the Ethereum network are shown in the figure below:
This week, Pudgy Penguins ranked first, with the floor price stable at around 23.85e last week, and a 7d transaction volume of 3,751e; Azuki ranked second with a transaction volume of 2,823e, and the current floor price is 12.509e; Lil Pudgys ranked third with a transaction volume of 2,086e, and the current floor price is 2.62e; the overall market transaction volume and floor price of most blue-chip NFTs have an upward trend.
06\Popular NFT Express
This week’s popular NFT is the Pudgy Penguins series:
Data shows that the current floor price is stable at 23.85 ETH, the highest transaction price is 420 ETH, and the total transaction volume on Ethereum has exceeded 491.5k ETH. The transaction distribution in the past 7 days was mainly Blur: 2.98K (85.41%); OpenSea: 463.5 (13.28%) X2Y2: 45.8 (1.31%) units of ETH, and the number of transactions in 7 days reached 181 times.
