NFT market sales reached $562 million in November, a new high in nearly six months
The NFT market is heating up again with the recovery of the widespread cryptocurrency market. According to CoinGecko's December data, the total market value of this field has reached $8.8 billion, an increase of 17.3% from a week ago. NFT sales have also significantly increased. According to CryptoSlam data, NFT sales in November were approximately $562 million, an increase of 57% compared to October, making it the highest sales month in the past six months.
However, in terms of transaction volume, the number of NFT independent buyers in November decreased by about 31% compared to the previous month to 664405, a significant decrease from over 1 million in May this year. The number of independent sellers decreased by 30% to 429020. The total number of NFT transactions was about 5.33 million, a decrease of about 26% compared to the previous month.
Blue chip NFT performance
The popular NFT series CryptoPunks also set an impressive record in November. According to DefiLlama's data, CryptoPunks had a floor price of 26.3 ETH in early November, and by November 30th, its floor price had risen to 39.7 ETH, worth approximately $147000.
CryptoSlam data also shows that CryptoPunks' sales exceeded $49 million in the past 30 days, an increase of 392% compared to the previous month. The NFT recorded 388 transactions in November, an increase of 213% compared to October.
In addition to CryptoPunks, Pudgy Penguins' performance in November was also remarkable. The monthly sales of this series increased by 262% compared to the previous month, reaching $16 million. Its floor price rose from 8.7 ETH in early November to 13 ETH on November 30th, valued at approximately $48000, a 49% increase.
According to CoinGecko's NFT dominance strategy, CryptoPunks、 The top three NFT series with the highest market value, BAYC and Pudgy Penguins, account for 39.8%, 20.37%, and 12.54% of the top ten NFTs, respectively.
Ethereum led other memory blockchains with sales exceeding $216 million this month, an increase of 12% from October. In terms of growth percentage, Bitcoin has shown the most impressive performance among major NFT memory blockchains, with its November Ordinals inscription sales reaching $186 million, a surge of 99.44% compared to October.
data source