Non-fungible token ( NFT) sales experienced a 62.88% increase in November, reaching $588 million compared to $361 million in October. Ethereum-based NFTs dominated the market, generating $218.83 million—a rise from the $120 million recorded the previous month.
From Cryptopunks to Solana Boogles: November NFT Sales Rebound With $588M in Trades
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Bitcoin and Ethereum Drive November’s $588M Surge
After tumbling 36% in October, NFT sales made a dazzling comeback in November, raking in $588 million over 30 days. Leading the charge was the month’s top sale: a Bitcoin-based Uncategorized Ordinal that fetched just over $6 million. An Ethereum Tokenvesting Plan #1109 followed, selling for $962,278, while a Solana Boogle #076 found a new owner for $269,314.
Ethereum-based NFTs claimed the spotlight with $218.83 million in sales. Meanwhile, Bitcoin-based NFTs surged to $188.05 million, far outpacing the blockchain’s $69.6 million haul in October. Solana brought in $83.24 million, while Mythos Polkadot sales pulled off a hair over $25 million. Immutable’s NFTs weren’t far behind, collecting a tidy $24.17 million.
These five chains dominated the NFT market in November, raking in a combined $539.29 million of the $588 million total. Leading the charge in terms of collections was Bitcoin’s BRC20 NFTs, bringing in a total of $72.85 million. Ethereum’s Cryptopunks followed with $49.78 million in sales, while Mythos’ Dmarket secured the third spot in October, earning just over $24 million.
Even with slumps this year, classic blue-chip Ethereum and Ronin NFTs continue to hold their ground as top contenders. Ronin’s Axie Infinity boasts a staggering $4,281,254,670 in lifetime sales, while Bored Ape Yacht Club (BAYC) has amassed $3,216,840,722. Cryptopunks trails closely with $2,946,922,636 in total sales. While Cryptopunks ranked second in November, BAYC landed in fourth place for sales volume, and Ronin’s Axie Infinity ranked 40th for the month.
