NFT Sales Hit $158M Weekly Volume
Ethereum dominates sales while Solana sees buyer surge
Non-fungible tokens (NFTs) have recorded a robust $158 million in sales over the past week, according to CryptoSlam data from Nov. 24. Although this represents a 12.7% decline from the previous week’s $181 million, it remains a significant improvement over early November’s $93 million weekly volume. This 69% increase from the start of the month underscores the sector's resilience amidst market fluctuations.
Ethereum continues to dominate NFT sales, recording $49 million for the week, despite a 25.9% drop. Bitcoin follows with $43 million, marking a 29% decline. Solana holds third place, posting $23.9 million in sales—down just 9%—while platforms like Polygon, Mythos Chain, Immutable, and BNB Chain collectively brought in $35.8 million.
However, the real standout is Solana, which saw a staggering 57.99% jump in NFT buyers. Over 185,000 users purchased digital collectibles on the network last week, compared to 117,000 the previous week. Meanwhile, the average transaction value across all networks saw a slight dip, from $133.08 to $126.17.
These figures suggest sustained interest in NFTs despite slight week-over-week declines. The rising activity on Solana and Ethereum’s continued dominance illustrate the competitive dynamics of top blockchain ecosystems.
This growth follows a strong October, when NFTs achieved $356 million in sales, an 18% increase from September. With November shaping up to close on a high note, NFTs appear to be maintaining their upward trajectory, bouncing back from a seven-month slump and signaling a possible resurgence in the digital collectibles market.