NFTs hit $562M in monthly sales volumes, recording six-month high
Non-fungible tokens (NFTs) have maintained their month-to-month gross sales momentum, surging by 57.8% in November as digital collectibles proceed to get better.
On Dec. 1, knowledge firm CryptoSlam showed that NFTs recorded $562 million in gross sales in November, a considerable enhance in quantity from October. CryptoSlam knowledge additionally signifies that November’s month-to-month gross sales quantity for NFTs is the very best since Could, when digital collectibles had a $599 million gross sales quantity.
Regardless of the surge, NFT month-to-month volumes are nonetheless removed from their peak in 2024. In March, digital collectible gross sales volumes recorded a yearly excessive of $1.6 billion. Nevertheless, this was adopted by a seven-month hunch, with every month’s gross sales quantity lowering till it reached its lowest point since 2021.
CryptoPunks ground value surges by 52%
Because the broader crypto markets surged, standard NFT assortment CryptoPunks additionally had a powerful document in November. In accordance with crypto knowledge web site DefiLlama, the NFT assortment had a ground value of 26.3 Ether (ETH) on Nov. 1. By Nov. 30, CryptoPunks’ ground value had risen to 39.7 ETH, value about $147,000 at present market costs.
CryptoSlam knowledge additionally showed that CryptoPunks had a 30-day gross sales quantity of greater than $49 million, a 392% enhance in comparison with the earlier month. The gathering additionally recorded 388 gross sales transactions, 213% greater than in October.
Other than CryptoPunks, the Pudgy Penguins assortment additionally had a powerful November. The gathering’s month-to-month gross sales quantity surged 262% month-on-month, with $16 million in quantity.
DefiLlama knowledge additionally shows that Pudgy Penguins’ ground value rose from 8.7 ETH on Nov. 1 to 13 ETH, or roughly $48,000, on Nov. 30, a 49% enhance.
Associated: NFTs record $158M weekly sales volume, led by Ethereum, Bitcoin
Ethereum, Bitcoin leads NFT comeback
The Ethereum community led the month with over $216 million in gross sales quantity, a 12% enhance from October.
By way of percentages, Bitcoin recorded the very best enhance among the many high blockchains for NFTs. The community had $186 million in gross sales quantity, a 99.44% surge from October.
In the meantime, Solana, Mythos Chain, Immutable, Polygon and BNB Chain collectively recorded $162.9 in NFT gross sales quantity for November.
Journal: Owner of seven-trait CryptoPunk Seedphrase partners with Sotheby’s: NFT Collector
