Non-fungible tokens (NFTs) continue to maintain a strong weekly sales volume, despite a slight decrease from last week’s surge. On November 24th, NFT data tracker CryptoSlam reported that digital collectibles had a solid week, with sales volume reaching $158 million over the last seven days. This marks a 12.7% decrease compared to the week before when digital collectibles recorded $181 million in weekly sales volume.
Despite the slowdown, the weekly volume still remains above its record at the start of November, where NFTs had a weekly sales volume of only $93 million, reflecting a 69% increase from earlier in the month. Ethereum remains the leader in weekly NFT sales volume, recording $49 million in sales, which is a 25.9% drop compared to last week.
Bitcoin comes in second with $43 million in sales, down 29%. The Solana network is the third highest in sales volume for digital collectibles, with $23.9 million in weekly sales, a 9% drop compared to the previous week. Other notable networks include Polygon, Mythos Chain, Immutable, and BNB Chain, which collectively recorded a $35.8 million sales volume for the week.
Solana continues to lead all blockchains in the number of NFT buyers. CryptoSlam data showed that Solana had over 185,000 NFT buyers for the week, a 57.99% increase from last week’s 117,000. The average transaction value across all networks dipped slightly, from $133.08 to $126.17. The sustained interest in NFTs, despite market fluctuations, is highlighted by Ethereum’s dominance in sales volume and Solana’s rise in buyer activity.
This positive trajectory follows October’s record-breaking performance, which ended a seven-month downward trend for NFT sales.
Source
<p>The post NFT Sales Volume Stable Despite Market Fluctuations first appeared on CoinBuzzFeed.</p>
