Key Takeaways:
- Weekly NFT sales volume hit $158M, down 12.7% from $181M the previous week, according to CryptoSlam data.
- Ethereum led with $49M in sales, while Solana saw a 58% surge in buyers, topping 185,000 transactions.
- November’s NFT market is set to surpass October’s $356M sales, continuing strong momentum in digital collectibles.
YEREVAN (CoinChapter.com) — The digital collectibles market recorded $158 million in weekly NFT sales, according to CryptoSlam data. This marks a 12.7% drop from the previous week’s sales of $181 million.
However, the weekly sales remain significantly higher than early November figures. From November 4 to November 10, NFTs posted a sales volume of $93 million, indicating steady growth.
Ethereum Leads in Sales, Solana Sees Buyer Surge
Ethereum retained its lead in NFT sales volume, recording $49 million in sales for the week. This represents a 25.9% decrease from the prior week’s total. Bitcoin ranked second with $43 million in sales, reflecting a 29% drop.
Solana secured the third spot with $23.9 million in NFT sales, experiencing a smaller 9% decline. Despite the drop in sales, Solana led all blockchains in buyer activity. The network reported over 185,000 NFT buyers, marking a 58% increase from the previous week’s 117,000 buyers.
Other blockchains, including Polygon, Mythos Chain, Immutable, and BNB Chain, collectively contributed $35.8 million to the weekly NFT sales total. The average transaction value across all platforms slightly declined, moving from $133.08 to $126.17.
November NFT Sales Set to Outpace October
The digital collectibles market is on track to surpass October’s performance, which closed with $356 million in NFT sales volume, an 18% rise from September. November’s strong weekly numbers suggest sustained growth despite fluctuations.
Ethereum’s dominance in sales and Solana’s surge in buyers illustrate distinct trends among blockchain networks. The market continues to attract activity, with the latest figures exceeding early November levels. October’s performance marked a turning point for the NFT sales volume, ending a seven-month decline, and November appears to continue that momentum.
