November was a fantastic month for NFTs, with sales skyrocketing by 62.88% to reach $588 million. That’s a big leap from the $361 million recorded in October.
Ethereum and Bitcoin lead the charge
After October where NFT sales plummeted by 36%, November brought a recovery, as the standout sale of the month was a Bitcoin-based Ordinal that sold for just over $6 million.
Following closely was an Ethereum Tokenvesting Plan #1109, which fetched $962,278, and a Solana Boogle #076 that found a new home for $269,314.
Ethereum-based NFTs were the stars of the show after all, collecting in $218.83 million in sales, but Bitcoin wasn’t far behind, with its NFTs generating $188.05 million, a huge jump from just $69.6 million in October.
Solana contributed $83.24 million, while Mythos Polkadot managed to pull in just over $25 million. Immutable’s NFTs also made their mark with $24.17 million in sales.
The big dogs
These five blockchains dominated the NFT sector in November, accounting for a combined total of $539.29 million of the overall sales.
Leading the pack was Bitcoin’s BRC20 NFTs, which brought in $72.85 million.
Ethereum’s iconic Cryptopunks followed with $49.78 million, while Mythos’ Dmarket secured third place with just over $24 million.
A long awaited rebound?
Smaller-ish projects are also crushing it, Axie Infinity boasts an incredible lifetime sales total of around $4.28 billion.
But the most popular collections are still the bests, Bored Ape Yacht Club, the BAYC isn’t far behind Axie at about $3.22 billion.
Cryptopunks trails closely with total sales of nearly $2.95 billion. In November, Cryptopunks ranked second in sales volume, while BAYC came in fourth and Axie Infinity landed at 40th for the month.
With these impressive figures and a resurgence in interest, it looks like the NFT market is gearing up for an exciting future, a strong rebound.
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