NFT sales jump to $129M in November – Nansen data
According to the blockchain analysis platform Nansen, the number of non-volatile tokens (NFTs) is increasing every week, while the sales volume of Ether (ETH) is increasing.
In a post on X (formerly Twitter), Nansen stated that NFT sales for the week ending October 9 were at 29,704 ETH, which at current ETH market prices is about $56 million. The volume increased every week until it reached 68,342 ETH worth more than $129 million.
NFT Marketplace Blur had the highest NFT trading volume in the last 30 days. According to data aggregator NFTGo, Blur had a trading volume of 161,433 ETH (approximately $305 million) in the past 30 days. Meanwhile, the second place went to the competitor Opensea, which has 52,307 ETH in transaction volume or around 100 million dollars.
In terms of NFT concentrations, Bored Up Yacht Club (BAYC) had the highest volume of trades over the past 30 days. BAYC had a stock of 35,226 ETH or around $66.7 million. The set was followed by Mutant Ape Yacht Club (MAYC) at 14,947 ETH and The Captainz at 9,948 ETH.
CryptoPunks remains the top group in terms of market capitalization. However, the group only had a transaction volume of 5,773 ETH in the last 30 days.
Apart from these, NFTGo data shows a 12% increase in NFT traders in the last seven days. Buyer addresses were 22,804, sellers were 27,308 in the same period. Meanwhile, the number of wallets holding NFTs still hovers around six million.
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The increase in trading volume for NFTs has come amid seemingly gloomy news for the NFT market. In the year On November 3, NFT marketplace OpenSea laid off half its staff as it prepared to launch its second edition.
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