NFT Sales Are Up, But Still Far From Peak
November NFT sales reached $562 million, up 57.8% from October.
Key Takeaways:
November sales were the highest since May 2024.
Despite the increase, they are far from the $1.6 billion peak reached in March 2024.
CryptoPunks NFT collection saw significant growth in sales and value.
Additional Reading:
Unique buyers and sellers fell in November.
98% of NFTs minted in 2024 are "dead," according to NFTEvening and Storible.
Bottom Line: The NFT market is showing signs of recovery, but is far from its previous highs.
