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Ethereum price rebound drives NFT market recovery, with NFT sales in November reaching a six-month high

Ethereum price rebound drives NFT market recovery, with NFT sales in November reaching a six-month high

CointimeCointime2024/12/01 13:22
By:Cointime

with the recovery of Ethereum prices, the NFT monthly sales in November exceeded 562 million US dollars, a significant increase of 57.8% from October's 356 million US dollars, with Ethereum network sales exceeding 216 million US dollars, a 12% increase from October. However, the monthly NFT transaction volume is still far from reaching its peak in 2024. In March of this year, NFT sales reached a year-high of 1.6 billion US dollars. However, it has been low and reached its lowest point since 2021 in September, at 303 million US dollars.

CryptoSlam data also shows that CryptoPunks led the NFT market in November, with sales exceeding 49 million US dollars in 30 days, an increase of 392% compared to the previous month, with 388 sales transactions, an increase of 213% from October. In addition to CryptoPunks, the Pudgy Penguins series also had an impressive November, with a month-on-month sales increase of 262% and a transaction volume of 16 million US dollars.

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