NFT Activity Soars as Bitcoin Nears $100,000

Non-fungible tokens (NFTs) continued to demonstrate strong weekly sales volumes, despite a slight decline compared to the previous week’s surge.

On Nov. 24, NFT data tracker CryptoSlam reported that digital collectibles achieved a sales volume of approximately $158 million over the past seven days.

This represents a 12.7% decrease from the previous week’s $181 million.

However, the weekly volume remains significantly higher than early November levels when NFTs recorded just $93 million in sales between Nov. 4–10.

Ethereum maintained its position as the leader in weekly NFT sales volume, recording $49 million in sales. This marked a 25.9% drop from the previous week.

Bitcoin ranked second with $43 million in sales, reflecting a 29% decrease.

Solana held its spot as the third-largest blockchain by NFT sales volume, recording $23.9 million for the week—a 9% decline from the prior week.

Other networks, including Polygon and Immutable, collectively contributed $35.8 million to the weekly sales total.

Interestingly, Solana led all blockchains in the number of NFT buyers, with over 185,000 buyers during the week—a 58% increase from the previous week’s 117,000, according to CryptoSlam data.

The average transaction value across all networks saw a slight dip, falling from $133.08 to $126.17.

In October, NFTs recorded $356 million in sales, marking an 18% increase over September and ending a seven-month decline in sales.

The sustained weekly sales figures underscore continued interest in NFTs despite market fluctuations.

Solana’s rise in buyer activity and Ethereum’s dominance in sales volume highlight the unique dynamics across major blockchains in the digital collectibles market.

This positive momentum builds on October’s strong performance, signaling a potential revival in the NFT space.

Sources:

https://cointelegraph.com/news/nft-weekly-sales-volume-158-million

https://www.cryptoslam.io/