The rebound in Ethereum prices has driven the recovery of the NFT market, with NFT sales in November reaching their highest value in nearly six months."
The Internet reported that with the recovery of Ethereum prices, NFT monthly sales in November exceeded US$562 million, a significant increase of 57.8% from US$356 million in October. Among them, Ethereum network sales exceeded US$216 million, an increase of 12% from October. However, monthly NFT trading volume is still far from reaching its peak in 2024. In March this year, NFT sales hit a year high of $1.6 billion. However, it has remained sluggish and reached a low of $303 million since 2021 in September. CryptoSlam data also showed that CryptoPunks led the NFT market in November, with 30-day sales exceeding US$49 million, a month-on-month increase of 392%, and recorded 388 sales transactions, an increase of 213% from October. In addition to CryptoPunks, the Puggy Penguins series also had an impressive month in November, with monthly sales soaring 262% month-on-month and a transaction volume reaching US$16 million.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
