Azuki, Doodles & Pudgy Penguins enjoy rise in volume


  • NFT collections such as Doodles and Azuki have seen a spike in volume beyond 250% in the past 24 hours.
  • Pudgy Penguins have exceeded the floor price of 7 ETH for the first time.
  • There’s been a significant strength in NFTs volume on Solana.

The last 24 hours have seen NFT volume going up, thanks to three prominent collections- Pudgy Penguins, Azuki and Doodles. The volume of Azuki was up 252% at the time of writing and the floor price was 16.8 ETH. Doodles enjoyed a jump of 286% in volume with a floor price of 7.50 ETH. Coming to Pudgy Penguins, its floor price crossed 7 ETH for the very first time.

The biggest sale for Azuki in the last 24 hours was 170 ETH, for Doodles it was 9 ETH and 11.88 ETH for Pudgy Penguins. There has been an upward trend in the volumes of these collections ever since 2023 has begun. Moreover, the market hints at a bullish trend.

The upward trend in terms of volume is prevailing throughout the NFT market and a number of other projects are also looking great. While Bored Apes experienced a 300 ETH sale, CryptoPunks had an 87.9 ETH sale during the past 2 hours in the open market. 

DeFi projects such as Bend DAO that are based on NFTs issued 300 new loans against the Bored Ape Yacht Club. Furthermore, NFT-inspired AMMs (automated market makers) such as SudoSwap have seen a spike in volume, as the 7-day volume has exceeded 200,000 on the protocol. 

It’s not only the Ethereum Chain where the demand for NFT collection can be seen, as Solana has also shown possibilities of a spike in volume. Y00ts and DeGods cover over 50% of the volume on the Solana NFT ecosystem. 

Though crypto markets have hinted at signs of strength in 2023, the uptrend in NFT markets’ volume should not be considered to be a change in market conditions. Therefore, NFT collectors need to be very careful while making decisions regarding purchases.