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Ethereum NFT transaction volume rose to $186 million last week, the highest level in nearly three months

According to online reports, according to data from The Block, Ethereum NFT transaction volume surged to US$186 million last week, reaching a three-month high, an increase of 67% from US$111 million the previous week. This growth contrasts sharply with NFT activity on other chains. Bitcoin is the second-largest NFT ecosystem, with a weekly transaction volume of just US$33 million. Pudgy Penguins 'native token PENGU issuance was the main catalyst driving this craze. The series generated $108 million in transaction volume, with individual penguins trading at more than 29 ETH, but experienced a sharp decline after the token issuance.

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