As the new year unfolds, the NFT market continues to capture the attention of collectors and enthusiasts. After a booming rally in late 2024, spurred in part by political developments such as the re-election of a crypto-friendly U.S. president, NFT trading volumes surged to nearly $1 billion in December. Now, the market is taking a brief pause while maintaining a robust level of activity. Here’s a rundown of the top-performing NFT collections during the first week of January 2025.
1. Pudgy Penguins
The Pudgy Penguins collection, featuring 8,888 charming penguin-themed NFTs on the Ethereum blockchain, tops this week’s chart. Over the past 24 hours, trading volumes reached $2.01 million, with the collection boasting a market cap of $674 million and a floor price of $75,894.
2. Lil Pudgy
Also from Igloo Inc., Lil Pudgy comprises 22,222 NFTs on Ethereum. This collection takes second place with $1.3 million in daily trading volume, a market cap of $183 million, and a floor price of $8,400.
3. Azuki
Azuki, known for its pixel-art anime-inspired NFTs from Chiru Labs, has maintained strong market presence. This week, the collection recorded $1.17 million in daily sales, supported by a market cap of $424 million and a floor price of $42,462.
4. Bored Ape Yacht Club
The iconic Bored Ape Yacht Club (BAYC) collection, managed by Yuga Labs, continues to be a cornerstone of the NFT market. With $919,028 in daily sales, a market cap of $519 million, and a floor price of $51,915, it remains a favorite among collectors.
5. Doodles
Burnt Toast’s Doodles collection, with its playful and colorful cartoon NFTs, secured fifth place. In the past day, $647,933 worth of trades were recorded, along with a market cap of $187 million and a floor price of $18,780.
6. Azuki Elementals
Another hit from Chiru Labs, Azuki Elementals features 20,000 anime-themed NFTs. It reached $584,666 in daily trading volume, with a market cap of $96 million and a floor price of $5,739.
7. Quantum Cats
Quantum Cats, a collection created using the Satoshi Nakamoto Ordinals Inscriptions protocol, takes seventh place with $405,891 in daily trades. The collection holds a market cap of $115 million and a floor price of $34,596.
8. CryptoPunks
The legendary CryptoPunks, now managed by Yuga Labs, continues to dominate the NFT space. With $404,057 in daily trading, a market cap of $1.2 billion, and a floor price of $124,257, this collection remains a benchmark for NFT success.
9. Bitcoin Puppets
Bitcoin Puppets, a unique series of 10,001 hand-drawn NFTs created by a young artist, achieved $377,628 in daily sales. It has a market cap of $140 million and a floor price of $14,075.
10. Milady Maker
The Milady Maker collection, featuring 10,000 neo-chibi NFTs, rounds out the top ten with $352,496 in daily sales. It has a market cap of $143 million and a floor price of $14,339.
NFT Market Outlook for January 2025
As the market catches its breath after a remarkable rally in late 2024, analysts predict further growth in early 2025. With increasing mainstream adoption and the launch of innovative projects, the NFT space is poised for another bullish phase in the near future.
Stay tuned as the evolution of NFTs unfolds in this exciting year ahead!
