Ethereum

Blur

Eden

<ul> 
 <li><strong>Ethereum NFT market hits a 7-month high, reaching $42.8 million.</strong></li> 
 <li><strong>Blur dominates with 82% volume, and PudgyPenguins surges 65% in 7 days.</strong></li> 
</ul> 
<p>The Ethereum NFT market experienced a remarkable uptick on January 18, with the trading volume reaching an impressive $42.8 million. This marked a significant milestone, surpassing the $40 million threshold for the first time since June of the previous year. Notably, Blur dominated the scene, accounting for a substantial 82% of the total trading volume, hitting an impressive $35 million.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
  <img loading="lazy" decoding="async" width="607" height="293" src="https://thenewscrypto.com/wp-content/uploads/2024/01/eth-tv.png" alt="" class="wp-image-89760" style="width: 100%;height:auto" srcset="https://thenewscrypto.com/wp-content/uploads/2024/01/eth-tv.png 607w, https://thenewscrypto.com/wp-content/uploads/2024/01/eth-tv-300x145.png 300w" sizes="(max-width: 607px) 100vw, 607px">
  <figcaption class="wp-element-caption">
   Ethereum Market daily volume, source : Dune
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 </figure>
</div> 
<p>Adding to the intrigue, PudgyPenguins saw a staggering surge of over 65% in the past seven days. It showcases the dynamic nature of the NFT space.</p> 
<p>Contrastingly, <a href="https://tiexo.com/analytics?activeMetric=marketplaces&amp;blockchain=SOL">Solana</a>, a prominent NFT platform, had experienced a month-long decline in NFT sales in the past week. But on January 17, Solana NFT volume rose by an impressive 92.70%, comprising 141,120 unique transactions.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="348" src="https://thenewscrypto.com/wp-content/uploads/2024/01/solana-6-1024x348.png" alt="" class="wp-image-89761" srcset="https://thenewscrypto.com/wp-content/uploads/2024/01/solana-6-1024x348.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/01/solana-6-300x102.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/01/solana-6-768x261.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/01/solana-6.png 1264w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Solana market data , source : TIEXO
  </figcaption>
 </figure>
</div> 
<p>Leading this surge were key Solana NFT marketplaces, with Tensor and Magic Eden capturing significant market shares at 75.74% and 18.85%, respectively. The catalysts behind this resurgence are attributed to the success of the NFT marketplace Tensor and the performance of the MadLads NFT collection.</p> 
<p>Amid Ethereum’s NFT market soared to a seven-month high and Solana, after a month-long decline, experienced a substantial surge in NFT volume with major players, such as OpenSea, adapting to <a href="https://thenewscrypto.com/nft-volume-witnessed-nearly-50-decline-yoy-in-2023/">challenges</a>, indicating the industry’s resilience. This adaptability instills confidence in the NFT market’s continued growth and evolution.</p>

NFT Market Surges? $42.8M Trading Volume Signals Comeback

TheNewsCrypto

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