Non-fungible tokens (NFTs) experienced a slight decline in sales volume compared to last week, but overall, weekly sales remain strong. On Nov. 24, NFT data tracker CryptoSlam reported that digital collectibles had a solid week with a sales volume of around $158 million over the past seven days, which is a 12.7% decrease from the week before when digital collectibles recorded $181 million in weekly sales volume.
Although the volume has slowed down, it is still above its record at the beginning of November. From Nov. 4–10, NFTs had a weekly sales volume of only $93 million, reflecting a 69% increase from earlier in the month. Ethereum remains the leading network for weekly NFT sales volume, recording $49 million in sales, a 25.9% drop compared to last week.
Solana network, on the other hand, leads in the number of NFT buyers, with over 185,000 buyers for the week, a 57.99% increase from last week’s 117,000. Overall, NFTs are on track to close November with strong momentum, as they recorded a $356 million sales volume in October, an 18% increase compared to September.
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<p>The post NFT Sales Volumes: Strong Weekly Performance Despite Decline. first appeared on CoinBuzzFeed.</p>
