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NFTs and Metaverse

Solana Leads in NFT Buyers as Market Continues to Show Resilience

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.

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.

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