The monthly sales of Non-fungible tokens (NFTs) have picked up sales momentum in last month, an increase of 57.58% as digital collectibles continue to perform better.
On 1st Dec, the data company CryptoSlam presented data which shows that NFT reached $562 million in sales in November, a significant increase in volume from the previous month.
CrptoSlam also pointed out that November’s monthly sales volume for NFTs is the highest since May when digital collectibles had a $599 million record sales volume.
Despite this more than 50% hike, monthly sales volume remains below the early 2024 peak. In March, digital collectibles sales witnessed a yearly high of $1.6 billion. But after March, there was a seven-month slump in sales volumes hitting their lowest since 2021.
If we believe the data from DefiLlama that suggests the floor price of CryptoPunks increased from 26.3 Ether ($3,704.79) on 1st November to 39.7 ETH by the month’s end, valued at approximately $147,000 at current market prices.
Pudgy Penguins Records Notable Gains
Pudgy Penguins, one of the popular NFT collection, also had a amazing and successful 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.
Crypto Giants (Ethereum, Bitcoin) Power NFT Market Comeback
Ethereum has become the leader in the NFT space, cloaking over $216 million in sales volume, marking a 12% increase from October. However, Bitcoin recorded the highest % increase among top blockchains, with a notable surge of 99.44%, reaching $186 million in sales volume.
Collectively, the sales on the other blockchains, including Solana, Mythos Chain, Immutable, Polygon, and BNB Chain, amounted to $162.9 million in November.
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