NFT Market Surges: Blue-Chip Collections Lead December Trading Recovery

Digital Art Makes a Comeback as Bitcoin's Rally Sparks New Interest in Non-Fungible Tokens

  • NFT market capitalization reaches $8.8 billion in December, marking a 17.3% weekly increase with daily trading volume up 48% across chains
  • November NFT sales hit $562 million, the highest since May, despite fewer unique buyers (662,000 compared to May’s 1 million+)
  • Blue-chip collections dominate with CryptoPunks, BAYC, and Pudgy Penguins controlling 73% of market activity
  • Blur leads EVM chain marketplaces with $271 million in trades, followed by OpenSea at $161 million
  • CryptoSlam 500 NFT Index shows market remains 53.77% below peak at 1,135.04, indicating sustained recovery challenges

NFT Market Shows Signs of Recovery Amid Broader Crypto Rally

The NFT market is experiencing a notable resurgence as December brings renewed momentum to digital asset trading. CoinGecko data indicates the sector’s market capitalization has reached $8.8 billion, representing a 17.3% increase over the past week, with daily trading volume surging 48% across all chains.

- Advertisement -

November proved particularly strong, with CryptoSlam reporting $562 million in total sales, marking the highest monthly volume since May 2023. However, the market’s structure appears to be shifting, as November’s activity came from 662,000 unique buyers, substantially lower than May’s million-plus participants.

Blue-Chip Collections Maintain Market Leadership

Elite NFT collections continue to dominate market activity, with three major players emerging as clear leaders:

  • CryptoPunks: Commands a 42.99 ETH floor price ($159,000), with November volumes reaching $49 million across 388 transactions
  • Bored Ape Yacht Club: Maintains 21.27 ETH ($79,727) floor price, achieving a 75.79% weekly gain
  • Pudgy Penguins: Holds a 14.869 ETH ($55,758) floor price with nearly 30% weekly appreciation

Trading Platform Dynamics

According to NFTs“>Dune Analytics data, the competitive landscape between NFT marketplaces reveals interesting patterns:

  • Blur: Leads with $271 million in trading volume
  • OpenSea: Follows with $161 million in volume but maintains broader user engagement with 188,000 active traders

Market Recovery Context

Despite recent positive indicators, the CryptoSlam 500 NFT Index currently stands at 1,135.04, representing a 53.77% decline from its historical peak of 2,494.74. This metric, which monitors 500 smart contracts across 11 major blockchains including Ethereum, Solana, and Polygon, suggests the market remains in a recovery phase.

The current market dynamics point to a consolidation among established collections and platforms, with institutional interest and platform innovation providing support for continued growth, albeit at more measured levels than during previous market peaks.

Previous Articles:

- Advertisement -

Latest News

Coinbase Shares Hit Highest Level Since 2021 Nasdaq Debut

Coinbase stock reached its highest price since its 2021 listing, nearly returning to debut...

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

ClickFix Attacks Surge 517% in 2025, Fake CAPTCHAs Spread Malware

ClickFix attacks using fake CAPTCHA verifications have risen by 517% in early 2025, according...

Must Read

What Is a Sim Swap Hack?

You've likely heard the term 'sim-swap,' but do you really know what it means? It's a type of fraud that's rapidly increasing, where scammers...