NFTs produced $158 million in sales for the third week of November
The NFT market continues to show resilience despite slight dips in weekly sales, highlighting sustained interest in digital collectibles. Recent data from CryptoSlam revealed that NFTs generated $158 million in sales during the week ending November 24. While this figure represents a 12.7% drop from the prior week’s $181 million, it remains significantly higher than early November’s $93 million in weekly sales, signaling robust market activity.
Ethereum retained its position as the leading blockchain for NFT sales, recording $49 million over the week, though this marked a 25.9% decline. Bitcoin followed with $43 million, reflecting a 29% decrease. Solana secured third place, generating $23.9 million in sales—down 9%—but emerged as a leader in attracting buyers, with over 185,000 participants, a sharp rise from 117,000 the previous week.
The overall average transaction value dipped slightly, dropping from $133.08 to $126.17. However, this did little to dampen enthusiasm as Solana’s buyer surge and Ethereum’s dominance in sales volume underscored varied trends across blockchain networks.
NFT activity appears to be gaining momentum as the market heads toward the end of November. October had already shown promising signs of recovery, with $356 million in sales, marking an 18% increase over September and ending a seven-month decline.
Despite market fluctuations, the recent performance highlights the NFT space’s enduring appeal. Strong buyer engagement on platforms like Solana and the continued preference for Ethereum-based projects suggest a dynamic market landscape. These trends indicate that NFTs are holding firm as a popular digital asset class, with activity levels likely to remain steady in the coming months.
