NFTs record $158M in weekly sales, led by Ethereum, Bitcoin
Non-volatile tokens (NFTs) maintained a relatively strong weekly sell-off, albeit slightly down from last week's gains.
In the year On November 24, NFT data tracker CryptoSlam reported a strong week for digital collectors, recording $158 million in sales over the past seven days. The data showed a 12.7% decrease compared to the week before, when digital collections posted $181 million in weekly sales.
Despite the slowdown, the weekly volume is still higher than that recorded in early November. From November 4-10, NFTs had a weekly sales volume of only $93 million, which represents a 69% increase from the beginning of the month.
Ethereum is led by sales volume, Solana is led by buyers
Ethereum maintained its lead for weekly NFT trading volume. The network posted sales of $49 million, a 25.9% decrease from last week. Bitcoin came in second, with $43 million in sales, down 29 percent.
Leading networks by sales volume in the last week. Source: CryptoSlam
The Solana network maintained its position as the third largest digital collector in terms of sales volume. The network posted $23.9 million in weekly sales, down 9 percent from the previous week. Meanwhile, Polygon, Mythos Chain, Immovable and BNB Chain collectively recorded $35.8 million in sales for the week.
Solana led all blocks in the number of NFT buyers. According to CryptoSlam data, Solana had over 185,000 NFT buyers for the week, a 57.99% increase from last week's 117,000.
The average transaction price across all networks fell slightly, from $133.08 to $126.17.
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Monthly sales volumes continue to accelerate
NFTs are on track to close November at a strong pace.
In October, NFTs recorded sales of $356 million, an 18% increase compared to September.
Current weekly sales figures suggest continued demand for NFTs despite market volatility. Solana's rise in buyer activity and Ethereum's dominance in sales volume indicate dynamic changes among the major blockchains in the digital crowdfunding space.
This positive trend follows October's record-breaking performance, which ended seven months of bearish NFT sales.
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