Non-fungible tokens (NFTs) had a solid week, recording $158 million in sales despite a slight 12.7% dip from the previous week’s $181 million. This continues November’s strong momentum, which has already outpaced October’s total NFT sales.
Blockchain Performance
- Ethereum: Topped the charts with $49 million in sales, though down 25.9% from the previous week.
- Bitcoin: Ranked second at $43 million, a 29% decline.
- Solana: Held third place with $23.9 million, experiencing only a 9% dip. Solana also led in the number of buyers, with over 185,000, a 58% jump from the prior week.
Other networks like Polygon, Mythos Chain, Immutable, and BNB Chain collectively brought in $35.8 million.
Market Trends
The average transaction value dropped slightly, from $133.08 to $126.17. However, November’s strong performance marks a 69% rise in weekly sales compared to early in the month, signaling steady interest in the NFT market.
Summary Review: NFTs continue to show resilience, with Ethereum and Bitcoin leading in sales and Solana excelling in buyer activity. While sales volumes dipped slightly, the overall market momentum remains robust, with November already outperforming October.
Disclaimer: Nothing in this article, or any content from Web30 News, should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves risks, and investors should be aware that capital is at risk and returns are never guaranteed. Please conduct thorough research and consult with a qualified financial advisor before making any investment decision.
