Has the NFT market, which has been in a winter for a long time, finally warmed up? Data from Dragonfly's data director @hildobby shows in a Dune chart that the NFT market trading volume significantly surged on November 30th and December 1st.

NFT single-day trading volume reached the second-highest of the year

Following yesterday's total trading volume of over $28.8 million for all EVM chains' NFTs, today (1st), the total NFT trading volume further exceeded $42.01 million, setting the second-highest single-day trading volume of the year, only behind March 4th's $53.3 million.

In terms of trading markets, the Blur platform accounts for nearly 60% of the trading volume, reaching $25.1 million, while the second-largest, OpenSea, also exceeded $10.92 million. The classic blue-chip project CryptoPunks contributed $3.62 million to the trading volume, ranking third.

According to chain analysis, the trading volume on the Ethereum chain exceeded $40.17 million, accounting for nearly 96%.

Ethereum and Bitcoin NFT on-chain sales have surged.

In addition, CryptoSlam data also shows that the trading heat of NFTs on Ethereum and Bitcoin chains has seen a significant rebound.

Ethereum's on-chain NFT sales in November exceeded $200 million, currently at $2,314,888, setting a new high since May of this year, with a nearly 22% month-on-month increase. However, both the number of transactions and trading volume have shown a decline, indicating a recovery in NFT unit prices.

Bitcoin NFTs have shown a more significant recovery, with over $185 million in on-chain NFT sales in November, reaching the highest level since June, with a month-on-month increase of over 102%.

Bored Ape's floor price surged nearly 82% in a week, and APE increased by 52% in a month.

The recent surge in NFT trading volume may be related to the recovery of the floor prices of classic blue-chip projects and the strong increase in Ethereum's price in November.

Blur data shows that several blue-chip projects have experienced significant gains in the past 7 days.

  • Bored Ape (BAYC): Increased by over 81.49%, floor price: 21.96 ETH (approximately $81,000)

  • Mutant Ape (MAYC): Increased by over 91.7%, floor price: 3.83 ETH (approximately $14,000)

  • Pudgy Penguins: Increased by over 27.42%, floor price: 14.59 ETH (approximately $54,000)

Additionally, NFT-related concept coins saw significant gains in November, with the Bored Ape (BAYC) ecosystem token ApeCoin surging to $1.61 last night, currently reported at $1.51, a nearly 51.8% increase over the past 30 days; Blur surged past $1.41 this morning, currently reported at $0.385, soaring 81% over the past 30 days.