Golden Finance reported that according to The Block data, Ethereum NFT transaction volume surged to $186 million last week, reaching the highest level in three months, a 67% increase from $111 million the previous week. This growth is in stark contrast to NFT activity on other chains. Bitcoin is the second-largest NFT ecosystem, with only $33 million in weekly trading volume. The issuance of Pudgy Penguins’ native token, PENGU, was the main catalyst driving this craze. The series generated $108 million in trading volume, with a single penguin trading above 29 ETH, but experienced a sharp drop following the token’s launch.