YEREVAN (CoinChapter.com) — Non-fungible tokens (NFTs) recorded a monthly sales volume of $562 million in November, marking a 57.8% increase compared to October’s $356 million. According to CryptoSlam, this is the highest monthly sales figure since May, when sales reached $599 million.
November’s figures reflect a rebound in the NFT market after several months of decline. Earlier in 2024, March sales peaked at $1.6 billion, but the market experienced a seven-month slump, hitting its lowest sales volume since 2021.
CryptoPunks Sales and Floor Price Surge
The CryptoPunks NFT collection saw remarkable growth in November. Data from DefiLlama shows that the floor price increased from 26.3 ETH (approximately $97,000) on Nov. 1 to 39.7 ETH (around $147,000) by the end of the month. This represents a 52% increase in floor price.
CryptoSlam reported that CryptoPunks achieved a 30-day sales volume of $49 million, a 392% jump from October’s figures. The collection also recorded 388 transactions, reflecting a 213% rise in activity compared to the previous month.
Pudgy Penguins Records Notable Gains
Pudgy Penguins, another well-known NFT collection, also had a strong November. Monthly sales volumes reached $16 million, a 262% increase from October.
DefiLlama reported that the floor price of Pudgy Penguins rose from 8.7 ETH (approximately $32,000) to 13 ETH (around $48,000) during the month, representing a 49% increase.
Ethereum NFT Sales Lead the Market
The Ethereum network maintained its dominance in NFT trading, recording over $216 million in November. This represents a 12% rise compared to October.
Meanwhile, Bitcoin NFTs saw the highest percentage increase among major networks, with $186 million in monthly sales—an increase of 99.44% from October.
Combined sales on other blockchains, including Solana, Mythos Chain, Immutable, Polygon, and BNB Chain, amounted to $162.9 million in November.
