Non-fungible tokens (NFTs) are still maintaining a fairly strong weekly trading volume, albeit down a bit from last week's boom.
On November 24, NFT data tracker CryptoSlam showed that digital collectibles had a steady week, recording sales of around $158 million over the past seven days. This data represents a 12.7% decline from the previous week when digital collectibles recorded $181 million in weekly sales.
Despite the slowdown, this week's volume still far exceeds the record from early November. From November 4–10, NFTs saw weekly sales of just $93 million, reflecting a 69% increase from the beginning of the month.
Ethereum Leads in Sales Volume, While Solana Leads in Number of Buyers
Ethereum maintained its lead in weekly NFT sales volume, recording $49 million in sales, down 25.9% from the previous week. Bitcoin ranked second with $43 million in sales, down 29%.
Top networks by trading volume over the past week. Source: CryptoSlam
Solana Network maintained its third place in terms of digital collectible sales volume. The network recorded $23.9 million in weekly sales, down 9% from the previous week. Meanwhile, Polygon, Mythos Chain, Immutable, and BNB Chain recorded a combined $35.8 million in sales volume last week.
Solana leads all blockchains in the number of NFT buyers. Data from CryptoSlam shows that Solana had over 185K NFT buyers for the week, up 57.99% from 117K the previous week.
The average transaction value across all networks decreased slightly, from $133.08 to $126.17.
Monthly sales volume continues to grow
NFTs are on track to end November with strong persistence.
In October, NFTs recorded $356 million in sales volume, up 18% from September.
Current weekly sales figures suggest sustained interest in NFTs despite market volatility. The surge in Solana buyer activity and Ethereum’s dominance in sales volume highlight the different dynamics among the leading blockchains in the digital collectibles space.
This positive momentum follows October's record performance, which ended a seven-month decline in NFT sales.
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