NFT sales increase in November, +50% compared to October 2024

The non-fungible token market recorded a surprising resurgence in November, with trading volumes and minimum prices rising sharply. The global NFT market has surged past $500 million due to a resurgence of interest following Donald Trump’s recent re-election in the US. During his campaign, President Trump promised to tame the volatile cryptocurrency market and bring more investors back into the NFT market.

NFT sales increase by 50% in November 2024

Data collected by CryptoSlam.io, an on-chain cryptocurrency market data aggregation platform that provides transparency for NFT collectibles across multiple blockchains and is backed by prominent cryptocurrency billionaire Mark Cuban, shows that the global non-fungible token market has a high sales volume in 2019. This shows that there has been a sharp increase. November. In the past 30 days, the global NFT market recorded $562 million in transaction sales, a 50% increase compared to October 2024.

In November 2024, the number of investors purchasing collections of non-fungible tokens also increased. Over the past 30 days, 664,360 traders have purchased NFTs in the global NFT market. The number of investors selling NFTs during this period also decreased to 429,014 this month. This trading activity has increased the number of NFT market transactions globally to over 5.4 million.

Ethereum, a blockchain network known in the NFT market for supporting most blue-chip non-fungible token collections, has continued to lead the NFT ecosystem this month. In the past 30 days, Ethereum-based NFT collections have recorded $220 million in transaction sales. During this period, Ethereum NFT sales surged 14% compared to last month.

Bitcoin, a blockchain network known in the global NFT market for hosting Runes, Ordinals, and BRC-20 NFTs, has surged significantly to become the second most traded NFT blockchain network in November 2024. Over the past 30 days, Bitcoin-based NFT collection transaction volume reached $188 million, an increase of 100.4% compared to the previous month.

Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, was the third most traded blockchain network in the NFT market in November 2024. In the past 30 days, Solana-based NFT collections have sold $83 million in transactional sales. During this period, Solana NFT trading revenue plummeted 7.41% compared to the previous week.

Mythos Chain, a blockchain network designed to provide secure and efficient transactions across the Mythical Games NFT ecosystem, was the fourth most traded blockchain network in the NFT market in November 2024. In the past 30 days, Mythos Chain-based NFT collections recorded a transaction volume of $25 million. Nonetheless, Mithos Chain NFT sales plummeted by 52% in November compared to October 2024.

Immutable Over the past 30 days, Immutable

Top 5 Selling NFTs in November 2024

1. $?? BRC-20 NFT Collection

$??, a collection of non-fungible tokens created using Bitcoin’s creator’s ordinal theory, a method used to inscribe unique non-fungible tokens directly into individual satoshis, the smallest unit of the Bitcoin network, is the best-selling NFT It was a collection. November 2024. $?? in the last 30 days The BRC-20 NFT collection recorded $72 million in transaction sales. $?? BRC-20 NFT trading revenue surged 1,730% in November compared to October 2024.

Source: cryptoslam.io, Top selling NFTs in the last 30 days

2. CryptoPunks NFT Collection

CryptoPunks, a collection of non-fungible tokens featuring a fixed supply of 10,000 pixelated NFTs previously created by Larva Labs and currently managed by Bored Ape NFT creator Yuga Labs, was the best-selling NFT collection in November. In the past 30 days, the CryptoPunks NFT collection has recorded $49 million in transaction sales. During this period, Cryptopunks NFT sales surged 388% compared to last month.

3. DMarket NFT Collection

DMarket’s collection of NFTs, a marketplace for trading NFTs and virtual in-game items built on the Mythos blockchain, represents in-game virtual items from popular online games such as Counter-Strike and Dota 2 and is the third best-selling product. no see. November NFT collection. In the past 30 days, the DMarket NFT collection has recorded $24 million in transaction sales. D Market NFT sales plummeted 33% compared to last month.

4. Boring Monkey Yacht Club NFT Collection

Bored Ape Yacht Club, an NFT collection from digital asset incubation company Yuga Labs featuring a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, was the fourth best-selling NFT collection in November. In the past 30 days, the Bored Ape Yacht Club NFT collection has seen $22 million in trading volume. During this period, Bored Ape Yacht Club NFT transaction sales volume surged 114% compared to the previous month.

5. Guild of Guardians NFT Collection

Guild of Guardians, a collection of non-fungible tokens, is a popular role-playing NFT game that allows players to build a team of heroes through challenging dungeons to collect tradeable resources, and was the 5th best-selling game in November. This is an NFT collection. 2024. In the last 30 days, Guild of Guardians recorded $19 million in transaction sales. During this period, Guild of Guardians NFT transaction sales surged 44% compared to last month.

NFT market forecast for December 2024

The NFT market has struggled to regain the momentum it experienced at the height of the cryptocurrency boom in 2021. Oversupply, high gas fees on the Ethereum network, and lack of a proper regulatory framework have led to a decline in trading volume and price. After the cryptocurrency-friendly Trump took office, NFT regulations are expected to take on a new look and promote NFT adoption. This move will lower FUD and fuel the next NFT bull market.

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