NFTs hit a six-month high in monthly sales volume of $562M.
Non-perishable tokens (NFTs) maintained their monthly sales momentum, up 57.8% in November, as digital collections continued to recover.
On December 1, data company CryptoSlam recorded sales of $562 million in NFTs in November, a significant increase from October. According to CryptoSlam data, November's monthly NFT sales volume was the highest since May, when digital collectors had sales volume of $599 million.
NFT sales volume from May to December 2024. Source: CryptoSlam
Despite the high volume, NFT monthly volumes are still far from the peak in 2024. However, this was followed by a seven-month slump, with sales falling each month until hitting the lowest level since 2021.
CryptoPunks floor price increased by 52%.
While the broader crypto markets are booming, the popular NFT collective CryptoPunks also had an impressive history in November. According to crypto data website Defillama, the NFT stock had a floor price of 26.3 Ether (ETH) on November 1. On November 30, the floor price of CryptoPunks increased to 39.7 ETH, which is about 147,000 dollars at the current market price.
CryptoPunks floor price data from September to November. Source: Defillama
According to CryptoSlam data, CryptoPunks' 30-day sales volume exceeded $49 million, an increase of 392% compared to the previous month. The group also recorded 388 sales transactions, which is 213% more than in October.
In addition to CryptoPunks, the Pudgy Penguin Collection had an amazing November. The collection's monthly sales rose 262 percent month over month, to $16 million.
According to Defilama data, Pudgy Penguin's floor price rose from 8.7 ETH on November 1 to 13 ETH, or around $48,000, on November 30, a 49% increase.
Related: NFTs Record $158M Weekly Sales Volume, Led by Ethereum, Bitcoin
Ethereum, Bitcoin NFT leads back
The Ethereum network led the month with over $216 million in sales, a 12% increase from October.
In percentage terms, Bitcoin has seen the biggest increase for NFTs among the major blockchains. The network had $186 million in sales, a 99.44% increase from October.
Meanwhile, Solana, Mythos Chain, Immutable, Polygon and BNB Chain collectively recorded 162.9 percent of NFT sales in November.
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