Ethereum NFT trading volume nears annual high, Pudgy Penguins market value ranks third closely behind Bored Apes
The increase in trading volume of Ethereum NFTs is closely related to the continued development of the NFT project Pudgy Penguins, currently ranked third in market value during the previous NFT bear market. Meanwhile, the market value of the emerging avatar project Pandora has rapidly risen to fifth place.
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Ethereum NFT Trading Volume Rebounds
The Block data shows that although Bitcoin NFT trading volume has grown significantly since November last year, it has surpassed Ethereum for the first time.
However, after reaching its peak in December, the trading volumes of both have started to surpass each other, and now Ethereum NFT on-chain trading volume is at the highest level since the week of February 26 last year.
Pudgy Penguins Rising Strongly, Ranked Third in Market Value
The increase in Ethereum NFT trading volume is closely related to the continuous development of Pudgy Penguins, currently ranked third in market value, during the past NFT bear market, with its market value steadily approaching Yuga Labs' Bored Ape Yacht Club (BAYC).
Yuga Labs' other project CryptoPunks still holds the first place in market value, while the emerging avatar project Pandora has quickly entered the top five:
How does the avatar project Pandora use ERC404 to bring NFTs into the Uniswap trading pool?
CryptoPunks: 599,700 ETH
BAYC: 231,953 ETH
Pudgy Penguins: 185,048 ETH
The Avatar Project: 166,056 ETH
Pandora: 119,584 ETH
Pudgy Penguins Floor Price Closing in on BAYC
NFTGo data shows that Pudgy Penguins have ranked first in trading volume for the past 3 months and 30 days, with a floor price of 20.82 ETH, while BAYC's floor price is 23.04 ETH.
In addition to progress in its physical toy business, Pudgy Penguins' sub-project Lil Pudgys has seen its floor price rise to 2.18 ETH, reaching a new all-time high.
Furthermore, Pudgy Penguins' upcoming game Pudgy World, reportedly will be available on Apple Vision Pro, according to reports.
Blue-chip NFT Fat Penguin Pudgy Penguins will launch the online game Pudgy World next year
