Non-fungible tokens (NFTs) brought in over $562 million in sales last November, a significant 57.8% increase from the $356 million earned in October. This surge marks the highest monthly sales volume for NFTs since May, when sales reached $599 million. However, this volume is still significantly lower than the peak recorded sales of $1.6 billion in March 2024.
CryptoSlam, a data analytics firm, also noted an increase in the price of popular NFT collection, CryptoPunks. The floor price of this collection swelled from 26.3 Ether to 39.7 Ether, an equivalent of about $147,000 in current market prices. Moreover, CryptoPunks attained a remarkable 30-day sales volume of over $49 million, a 392% rise compared to the previous month.
Another standout in the NFT market was the Pudgy Penguins collection, which saw a 262% increase in sales volume to $16 million. According to DefiLlama, Pudgy Penguins’ floor price rose from 8.7 ETH on November 1 to 13 ETH, or about $48,000, on November 30 – a rise of 49%.
Ethereum saw substantial activity in NFT trading, with over $216 million in sales volume, marking a 12% increase from the previous month. Bitcoin also experienced major growth, logging $186 million in sales volume—a whopping 99.44% increase from October. Other networks such as Solana, Mythos Chain, Immutable, Polygon, and BNB Chain together recorded $162.9 million in NFT sales volume for November.