- Pudgy Penguins is the “most active NFT” collection in the last 30 days
- According to DappRadar, the collection has a 30-day trading volume of $47.6 million
- The collection is followed by Doodles V4, Kaito Genesis, Tokenized Collectibles, and Azuki
Pudgy Penguins is the “most active NFT” collection in the last 30 days according to a report by blockchain analytics platform DappRadar. Data from DappRadar shows that the NFT collection had a trading volume of $47.6 million in the last month, towering other popular collections like Azuki, Bored Apes, and CryptoPunks with a 30-day trading volume of between $14 and $21 million. DappRadar disclosed that the total NFT trading volume dropped by 50% in February compared to January, signaling the reversal of momentum that had closed over from December last year.
Collectors Prefer Cheap NFTs?
According to DappRadar, Pudgy Penguins’ sales volume rose by 25% in February despite a declining trading volume, “indicating strong trading activity at lower price points.” Data from the web3 platform shows that Doodles V4 is the second most active collection with a trading volume of $41 million in the last 30 days.
Doodles V4’s volume increased by over 130% which was attributed to the project announcing the launch of a Solana-based token called DODD, generating “fresh excitement around the collection.”
A DappRadar report disclosed that February recorded the lowest NFT sales count and the second-lowest trading volume since August last year. The report estimated February’s NFT sales at $2.7 million and the trading volume at $498 million.
Lesser-Known Collections Overtake Top NFTs
Kaito Genesis, Tokenized Collectibles, and Azuki also have a high 30-day trading volume of $29.88, $23.09, and $20.23 million respectively. DappRadar noted that more NFT projects are turning to AI to enhance NFTs’ utility and create “interactive digital assets.”
The DappRadar report comes two months after another analysis showed that the NFT market recorded a three-year low in volume and sales in 2024 compared to the previous three years. It also comes three months after Pudgy Penguins announced the PENGU token.
With the trading volume of popular NFT collections declining, it’s to be seen whether newer and less-known collections will maintain the lead for the rest of the year.
