YEREVAN (CoinChapter.com) — Non-fungible tokens (NFTs) recorded a monthly sales volume of $562 million in November, marking a 57.8% increase compared to October’s $356 million. According to CryptoSlam, this is the highest monthly sales figure since May, when sales reached $599 million.
November’s figures reflect a rebound in the NFT market after several months of decline. Earlier in 2024, March sales peaked at $1.6 billion, but the market experienced a seven-month slump, hitting its lowest sales volume since 2021.
November 2024 NFT Sales Data. Source: CryptoSlam CryptoPunks Sales and Floor Price Surge
The CryptoPunks NFT collection saw remarkable growth in November. Data from DefiLlama shows that the floor price increased from 26.3 ETH (approximately $97,000) on Nov. 1 to 39.7 ETH (around $147,000) by the end of the month. This represents a 52% increase in floor price.
CryptoSlam reported that CryptoPunks achieved a 30-day sales volume of $49 million, a 392% jump from October’s figures. The collection also recorded 388 transactions, reflecting a 213% rise in activity compared to the previous month.
CryptoPunks Floor Price November 2024. Source: DefiLlama Pudgy Penguins Records Notable Gains
Pudgy Penguins, another well-known NFT collection, also had a strong November. Monthly sales volumes reached $16 million, a 262% increase from October.
DefiLlama reported that the floor price of Pudgy Penguins rose from 8.7 ETH (approximately $32,000) to 13 ETH (around $48,000) during the month, representing a 49% increase.
Ethereum NFT Sales Lead the Market
The Ethereum network maintained its dominance in NFT trading, recording over $216 million in November. This represents a 12% rise compared to October.
Meanwhile, Bitcoin NFTs saw the highest percentage increase among major networks, with $186 million in monthly sales—an increase of 99.44% from October.
Combined sales on other blockchains, including Solana, Mythos Chain, Immutable, Polygon, and BNB Chain, amounted to $162.9 million in November.
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