A resurgence of NFTs? Crypto’s Bull Run is driving these assets.

Following a broader crypto market revival in November, the NFT market is heating up again.

Data According to CoinGecko for December, the sector's market capitalization reached $8.8 billion, an increase of 17.3% in a week. The same database also indicates an increase in volume: daily transactions across all chains jumped 48% in the last 24 hours.

This is coming on the tracks of November, which saw sales of $ 562 million, as Data From CryptoSlam. Looking at the charts, this figure is the highest volume of sales NFTs have seen since May this year, which saw almost $600 million in sales.

Specifically, the number of November unique buyers fell to 662,000 compared to May, which was over a million.

Blue chip NFTs: by the numbers

The blue-chip NFT portfolio has maintained its dominance in the sector across all chains (including non-EVM). of NFT heat map From CoinGecko it shows that it is now commanding a floor price of 42.99 ETH, which is worth about $159,000. This figure is up nearly 5% over the past 24 hours and over 14% over the week.

CryptoPunks It led November's transaction volume to recover to $49 million, a 392 percent increase from October's 388 transactions.

While new collections are emerging, CryptoPunks' 40% market share and average trade value of $114,131 shows that the pioneer collection continues to be popular with serious collectors and investors.

not to be lost, Boring Monkey Boat Club It holds firm at 21.27 ETH ($79,727 USD), turning heads on the trading floor by posting an impressive weekly gain of 75.79%. The set moved 1,486 ETH in value in the past day alone, suggesting that whales and collectors are betting big.

The support is not limited to the usual suspects. Pudgy PenguinEmerging as a serious contender in the blue-chip space, a healthy 14.869 ETH ($55,758) floor holds a weekly appreciation of nearly 30%. Even AzukiSitting at a more accessible 5.799 ETH, the floor saw a jump of 8.61% in one day.

Three groups—CryptoPunks, BAYC, and Pudgy Penguins—now control 73 percent of all market activity. Meanwhile, Bitcoin made waves with a 99.44% monthly jump to $186 million, but it reigned supreme with $216 million in November sales.

Data from Dune Analytics collected by Dragonfly Capital Analyst Hilldobby It shows For marketplaces in the EVM chains, Blur led the way, pushing $271 million in transactions, with OpenSea not far behind at $161 million.

When it comes to who's using what, OpenSea is still a marketplace for many people, with around 188,000 active traders making over 2 million trades. Interestingly, Blur can generate about 38,000 traders from a smaller but more active user base.

A long time ago

As these recent NFT trade volumes show signs of life, CryptoSlam 500 NFT Index It tells a sad story about the overall state of the market. Currently sitting at 1,135.04, the index is down 53.77% from its peak, suggesting that we are still far from the heady days of NFTs. Dominating crypto headlines And It attracted the main attention.

The index, which tracks 500 modern contracts across 11 major blockchains, including Ethereum, Solana and Polygon, fell from a high of 2,494.74, showing a market picture in need of a renewed sense of balance.

While recent platform innovations and institutional interest offer a glimmer of hope, the data suggests that the NFT market is struggling to recapture the explosive growth that once defined the space.

Edited by Sebastian Sinclair.