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Bitcoin and Ethereum drive $158M in NFT sales

In this post:

  • NFT sales totaled $158 million in the past seven days.
  • That is down 12.7% from the previous week of sales that reached $181 million.
  • Solana leads by 185,000 NFT buyers in the past 7 days

 

NFT sales totaled $158 million in the past seven days. That is down 12.7% from the previous week of sales that reached $181 million. These sales are dominated by Ethereum followed by Bitcoin.

According to CryptoSlam on November 24th,  the sale of Non-fungible tokens is going strong.  However, it is slightly down as compared to the pump in the previous week.

Bitcoin and Ethereum drive $158 M in NFTS sales
Source: CryptoSlam

Even so, this week’s sales are still vastly higher than they were earlier in November. Between Nov. 4 and Nov. 10, sales volumes were $93 million. This means the sales count was up by 69% from the start of the month.

Sales volume is still dominated by Ethereum. The stats show that it generated $49 million last week which is down 25.9% from the prior week. On the other hand, the sales for Bitcoin came in behind, at the second rank at $43 million, down to 29%.

Weekly sales volume remained in third place for Solana, with $23.9 million, a 9% drop compared to last week. In addition, $35.8 million in sales was recorded by other blockchains like Polygon, Mythos Chain, Immutable, and BNB Chain.

Solana leads by 185,000 NFT buyers in the past 7 days

Solana outperformed every other blockchain in terms of buyers. Last week, there were over 185,000 buyers on Solana. This is up 58% from the 117,000 buyers the week prior.

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The average transaction value across all blockchains was down slightly, from $133.08 in the prior week to $126.17 last week.

November looks like a good month to end for the digital tokens

NFTs sold $356 million in October, up 18% from September.

Despite the fluctuations, the current weekly numbers show that interest in non-fungible tokens is still there. Solana also shows growing buyer activity, while Ethereum remains the top seller. That’s on the heels of October’s big rebound that halted a seven-month decline in NFT sales.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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