NFTs reach $158M in weekly sales as Ethereum and Bitcoin lead

Non-fungible tokens (NFTs) recorded $158 million in sales over the past week, reflecting strong market activity despite a 12.7% drop from the previous week's $181 million, according to CryptoSlam data. 

This represents significant growth compared to early November, when weekly sales reached $93 million. 

Ethereum (CRYPTO:ETH) led sales volume with $49 million, though it experienced a 25.9% decline from the previous week. 

Bitcoin (CRYPTO:BTC) followed with $43 million in sales, marking a 29% decrease. 

Solana ranked third, generating $23.9 million in weekly sales, a 9% drop. 

Other networks, including Polygon (CRYPTO:MATIC), Mythos (CRYPTO:MYTH), Immutable (CRYPTO:IMX), and BNB (CRYPTO:BNB), collectively contributed $35.8 million. 

While Ethereum dominated sales volume, Solana (CRYPTO:SOL) outperformed in buyer activity, attracting over 185,000 NFT buyers, a 57.99% increase from 117,000 the previous week. 

The average transaction value across all networks slightly decreased from $133.08 to $126.17. 

November’s NFT market builds on October’s performance, which saw $356 million in sales, an 18% rise over September and the first growth after seven consecutive months of declines. 

These weekly figures indicate sustained market interest, with Ethereum maintaining its leadership in sales volume and Solana gaining momentum through increased buyer activity. 

The NFT market demonstrates resilience amid fluctuating volumes, highlighting diverse dynamics across blockchains. 

As Ethereum leads in sales and Solana attracts more buyers, the market remains poised for a strong close to the year, reinforcing the renewed interest in digital collectibles. 

At the time of reporting, the Bitcoin price was $97,660.32, and the Ethereum price was $3,350.25.