Weekly NFT Sales Reach $158M, Ethereum and Bitcoin Take the Lead

Despite a minor decrease compared to the previous week’s rise, non-fungible tokens (NFTs) maintained a strong weekly sales volume.

According to NFT data tracker CryptoSlam, digital collectibles had a stellar week, with sales of almost $158 million recorded for the preceding seven days, as reported on November 24. Sales of digital collectibles hit $181 million last week, down 12.7 percent from the previous week, according to the data.

Even if it was slower than in early November, the weekly volume was still significantly higher. Weekly sales of NFTs were only $93 million from November 4th to November 10th.

Ethereum Leads Sales, Solana Tops Buyers

In terms of weekly NFT sales volume, Ethereum remained ahead. The network’s sales dropped 25.9 percent from the previous week, reaching $49 million. Bitcoin came in second with $43 million, a 29% decrease in sales.

Among digital collectible networks, the Solana network remained third in terms of sales volume. The network’s weekly sales dropped 9 percent to $23.9 million. At the same time, the combined sales volume for Polygon, Mythos Chain, Immutable, and BNB Chain was $35.8 million for the week.

In terms of total NFT purchasers, Solana topped all other blockchains. According to CryptoSlam, Solana had a 58% surge in NFT purchasers for the week, reaching over 185,000, up from 117,000 the week before. Additionally, the average value of all networks’ transactions fell a little, from $133.08 to $126.17.

Strong Momentum Drives Monthly Sales Volumes

NFTs are on track to have a good end to November. October sales of NFTs were $356 million, up 18% from September.

Sales during the past week indicate that, despite market volatility, NFTs continue to attract attention. There are differences between the top blockchains in the digital items space, as shown by the rise in Solana buyers and Ethereum’s dominance in sales volume.

This upward trend is a direct result of October’s stellar performance, which reversed a seven-month declining trend in NFT sales.