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Galaxy Research: Non-fungible Token market started to recover since the US election in November, with weekly trading volume reaching a new high since May.
According to CoinDesk, the latest research report from Galaxy Research shows that the Non-fungible Token market has started to recover since the US election in November, with the weekly volume reaching $172 million on December 2, setting a new high since May. Blur and OpenSea accounted for 60% and 27% of the total volume in the past 30 days, respectively.
In the popular Non-fungible Token project, the Pudgy Penguins ecosystem has performed outstandingly, with the floor prices of the Pudgy Penguins and Lil Pudgys series rising by 206% and 265% respectively. Analyst Gabe Parker pointed out that this round of recovery is mainly driven by the increased activity of the top 25 series in terms of market capitalization.