The Non-Fungible Token sector is experiencing a real monthly momentum, with November NFT sales reaching 562 million dollars. Such volume had not been seen for six months and is a significant 356 million dollars more compared to October 2024.
NFT Sales: November Momentum Closes with a Volume of 562 Million Dollars
The Non-Fungible Token are back on track with the NFT sales volume of November 2024 reaching 562 million dollars.
According to the data from CryptoSlam, such volume had not been seen for six months, when in May NFT sales closed the month at 599 million dollars.
Not only that, it seems that this month there has been a real sector momentum, given that the increase in NFT sales in November is 356 million dollars more compared to October 2024.
However, these numbers are still far from the NFT sales volume of the early months of 2024. In fact, in January, February, and April, the monthly volume was 1.2 billion dollars.
In March 2024, instead, the NFT sector recorded its annual record at the time, with the volume of NFT sales rising to 1.6 billion dollars. On the contrary, September 2024 was the month with the minimum annual at the time, with the volume of sales falling to 303 million dollars.
In any case, going back to this just concluded month of November, it seems that the momentum of NFT sales had already been noticed with the weekly volumes. During the third week of the month, the volume was 158 million dollars, an increase of +69% compared to the first week of the month, when it was 93 million dollars.
NFT Sales: CryptoPunks among the top collections for increases in November 2024
Continuing the analysis of November 2024 for the NFT market, among the top collections for sales emerges that of CryptoPunks.
In fact, at the time of writing, the monthly sales of CryptoPunks have increased by +444%, which is over 54 million dollars. Not only that, the collection has also recorded 416 sales transactions, 233% more than a month ago.
The Bored Ape Yacht Club (BAYC) is also among the top NFT collections for sales, but with smaller increases compared to Crypto Punks.
In fact, at the time of writing, the monthly sales of BAYC have increased by +128%, which is over 24 million dollars. Not only that, the collection has also recorded 500 sales transactions, 67% more compared to a month ago.
Pudgy Penguins is currently the third collection in the NFT sales ranking, and in November, it experienced momentum more similar to CryptoPunks.
At the time of writing, the monthly sales of Pudgy Penguins have increased by +297%, which is over 17 million dollars. Not only that, the collection also recorded 478 sales transactions, 158% more than a month ago.
Leading the momentum of NFTs are the Ethereum and Bitcoin blockchains
In terms of blockchain, leading this momentum of November 2024 with NFT sales were Ethereum and Bitcoin.
Specifically, the Ethereum network led the month with over 236 million dollars in sales volume, with an increase of 22% compared to a month ago.
Bitcoin, on the other hand, has made quite the turn with more significant increases. The blockchain par excellence has recorded an increase in NFT sales of +102% compared to a month ago, for a total of 190 million dollars at the time of writing.
In the meantime, the November news of the NFT market saw the entry of Poste Italiane with the launch of the first NFT stamp with a “digital twin”. Also the new collaboration of the NFT Doodles collection with McDonald’s in honor of the Christmas holidays also at a digital level. At the beginning of the month, then, the famous Lamborghini launched the mint of its Revuelto NFTs with Transak and Animoca Brands.