Solana Leads in NFT Buyers as Market Continues to Show Resilience

The NFT market showed resilience in the past week, with overall sales holding steady despite a slight drop. Solana maintained its position as the third-largest blockchain for NFT sales, recording $23.9 million in weekly transactions.
This represents a modest 9% decrease compared to the previous week, while Polygon, Mythos Chain, Immutable, and BNB Chain together accumulated $35.8 million in sales.
Solana stood out in terms of buyer engagement, surpassing all other blockchains with over 185,000 NFT buyers—a remarkable 57.99% increase from the previous week’s 117,000. However, the average transaction value across all networks experienced a slight dip, from $133.08 to $126.17.
Ethereum continued to dominate in overall sales volume, pulling in $49 million, though this was a 25.9% drop from the previous week. Bitcoin ranked second, generating $43 million, a decrease of 29%. While Solana’s sales volume lagged behind, its buyer activity indicates strong ongoing interest in its NFT marketplace.
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NFTs have kept their momentum in November, showing a significant rebound from earlier in the month when sales fell to just $93 million for the week of November 4–10. By the end of the month, the industry appears on track to continue this positive trend.
With October’s NFT sales volume hitting $356 million, up 18% from September, it suggests that the broader NFT market is experiencing sustained growth, despite fluctuations in weekly sales. This trend marks a strong recovery, especially after October’s record-breaking performance which ended a seven-month slump in NFT sales.