FacebookTwitterLinkedInTelegramCopy LinkEmail
NFTs and Metaverse

NFT Sales Surge 57% in November, Led by CryptoPunks and Bitcoin

NFT Sales Surge 57% in November, Led by CryptoPunks and Bitcoin

NFT sales saw a significant rebound in November, with a 57.8% increase in monthly transactions.

According to CryptoSlam, the total sales for NFTs in November reached $562 million, marking a sharp rise from October’s performance. This uptick represents the highest sales volume since May, when NFTs reached $599 million.

However, this recent growth still lags behind the record high of $1.6 billion in March, which was followed by a prolonged decline. Over the next seven months, sales volumes steadily dropped, reaching their lowest point since 2021.

Among the notable performers in November was the CryptoPunks collection. As the broader crypto market improved, CryptoPunks saw a remarkable surge in its floor price, jumping by 52%. On November 1, the floor price stood at 26.3 ETH, or approximately $94,000. By the end of the month, it had risen to 39.7 ETH, valued at $147,000. This shift contributed to a 392% increase in sales volume for CryptoPunks, which totaled $49 million over the month, with 388 sales transactions—a 213% jump compared to October.


READ MORE: XRP Reaches $100 Billion Market Cap with Major Price Surge


Another collection seeing strong performance was Pudgy Penguins, which saw a 262% increase in monthly sales volume, reaching $16 million. Its floor price also rose by 49%, from 8.7 ETH to 13 ETH (about $48,000).

Ethereum continued to dominate the NFT space, accounting for over $216 million in sales, a 12% increase from October. Meanwhile, Bitcoin recorded the most significant percentage gain, with its NFT sales volume nearly doubling, surging by 99.44% to $186 million. Other blockchains, including Solana, Mythos Chain, Immutable, Polygon, and BNB Chain, collectively generated $162.9 million in NFT sales during the same period.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

Learn more about crypto and blockchain technology.

Glossary