Welcome to the weekly summary of hot NFT ecosystem events produced by NFT infrastructure NFTScan.
Period: 2024.12.23~2024.12.29
NFT Hot News
01/ Kaito AI founder: Genesis NFT minting proceeds will be donated to the top 1,000 Yappers
On December 23, Yu Hu, founder of Web3 AI search platform Kaito AI, tweeted that the proceeds from Genesis NFT casting will be donated to the top 1,000 Yappers. The Yaps platform is not only applicable to Kaito, but also to other projects. It rewards the most active contributors for generating high-quality content in a meaningful way, namely proof of work, proof of real participation, and proof of insight.
02/Two NFT founders face charges for alleged $22 million fraud
On December 23, Cointelegraph reported that two 23-year-old young men from California are suspected of defrauding investors of more than $22 million in crypto assets through NFT and are currently facing fraud charges. The U.S. Department of Justice's Public Affairs Office stated in a press release that Gabriel Hay and Gavin Mayo were charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, and one count of stalking.
03/Morph launches 10,000 Mystery Box NFT airdrop
On December 24, Morph announced the launch of the Morph-mas mystery box NFT airdrop event, and a total of 10,000 limited edition mystery boxes will be given away for free to early supporters.
04/The crypto market sector rose across the board for two consecutive days, with NFT and AI Agents sectors leading the gains by 15.51% and 9.95%
On December 25, according to SoSoValue data, the crypto market sectors rose across the board for two consecutive days, with NFT and AI Agents sectors leading the gains by 15.51% and 9.95% respectively. It is worth noting that within the NFT sector, Pudgy Penguins (PENGU) rose 32.35% in 24 hours, Moca Coin (MOCA) rose 32.97%, and Magic Eden (ME) rose 14.62%.
05/Top 10 NFT series have a weekly increase that exceeds homogeneous tokens, among which Space Doodles has a 44.7% increase and ranks first
On December 25, according to data, non-fungible tokens (NFTs) have outperformed homogeneous tokens over the past seven days, with the 10 largest NFT series rising an average of 6.4% during this period. At the same time, the average performance of the homogeneous token industry was negative 8.6%, with only native tokens from CEX recording positive returns. Specifically, the NFT series with the largest increase was Space Doodles, whose USD-denominated price increased by 44.7%.
06/ Animoca Brands: No tokens or NFTs were released, Yat Siu related posts were initiated by hackers
On December 26, Animoca Brands tweeted that Animoca Brands has not officially released tokens or NFTs. Yat Siu’s post claimed that the token launch on Solana was initiated by hackers. Please do not use this account and remain vigilant.
07/ Runes’ share of transactions on the Bitcoin network fell to a new low, accounting for only 1.67% of daily transactions
On December 26, The Block reported that the transaction share of Runes on the Bitcoin network has fallen to a new low, accounting for only 1.67% of daily transactions, in stark contrast to its dominance from April to November, when Runes' transactions usually accounted for more than 50% of Bitcoin's daily transactions. At the same time, Runes' daily transaction fees remain below $250,000, showing a significant reduction in network activity.
08/NFT transaction volume fell by about 50% in the past week, of which Pudgy Penguins transaction volume fell by 76.65%
On December 28, Crypto.news reported that CryptoSlam data showed that the NFT market had a sharp correction in the past week, with total trading volume plummeting 49.77% to US$152.7 million. Despite the sharp drop in trading volume, market participation indicators show that interest from new and old traders continues. The number of NFT buyers increased by 50.97% to 531,208, and the number of NFT sellers increased by 47.14% to 308,666. Pudgy Penguins' trading volume plummeted 76.65% to US$12.6 million, and buyer participation fell 69.92%. Despite a 41.94% drop in trading volume, Azuki jumped to second place with a trading volume of US$9.3 million. The trading volume of BRC-20 NFT fell by 30.68%, dropping to third place at US$6.5 million.
NFT on-chain data
01\ NFT multi-chain data overview
As of December 30, 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: 5,341,114
Number of NFT assets: 2,522,161,944
Number of NFT on-chain records: 8,165,169,770
Total NFT asset market value: $31,651,292,996
NFT historical total transaction volume: $109,301,040,676
02\NFT Trading Market Trends
This week: Blur dominated the market, with the overall transaction volume reaching its highest point on December 26, with the Blur market reaching a peak of $10.618 million at 0:00. NFTScan recorded 233 trading markets with a total transaction volume of $127.9M in 7 days. This week, Blur ranked first in transaction volume, and the market transaction volume distribution was relatively stable. The top six trading markets and their share distribution are as follows:
Blur: $136,848,306 (46.47%)
OpenSea: $52,131,961 (36.05%)
Element: $9,329,430 (5.61%)
Tensor: $7,925,878 (2.76%)
MagicEden: $7,118,911 (1.95%)
X2Y2: $6,052,118 (1.91%)
03\Top NFT Blue Chip Trends
The current total market value of the 19 blue-chip contracts is 1,203,116 ETH, accounting for 24.78% of the total NFT market value.
This week: The total transaction volume of blue-chip NFTs was 14.05k ETH, and the total market transaction volume was 36.25k ETH. As of 00:00 on December 26, the transaction volume reached a maximum of about 3.1k ETH.
04\TOP 10 Wallets
NFTScan analyzed the top 1,000 NFT holding value wallet addresses, and the 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 ($221,375,527.8), 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 22.99e last week, and a 7d transaction volume of 5,110e; Azuki ranked second with a transaction volume of 5,087e, and the current floor price is 12.948e; Lil Pudgys ranked third with a transaction volume of 3,006e, and the current floor price is 2.467e; the overall market transaction volume and floor price of most blue-chip NFTs have a downward 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 22.99 ETH, the highest transaction price is 420 ETH, and the total transaction volume on Ethereum has exceeded 487.7k ETH. The transaction distribution in the past 7 days was mainly Blur: 3.97K (78.57%); OpenSea: 1.08K (21.43%) units of ETH, and the number of transactions in 7 days reached 252 times.
