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Home DeFi NFT

rewrite this title and make it good for SEO NFT Sales Hit $562M in November, Reaching Levels Not Seen Since May – Cryptoflies News

Flavia S. by Flavia S.
December 1, 2024
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rewrite this title and make it good for SEO NFT Sales Hit 2M in November, Reaching Levels Not Seen Since May – Cryptoflies News
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November saw a significant boost in non-fungible token (NFT) sales, closing the month at a six-month high. 

According to CryptoSlam data, NFT sales in November reached over $562 million, a 57% increase compared to October. This marks the highest monthly figure since May, when sales exceeded $599 million.  

NFT Monthly Sales – November. Data source: CryptoSlam

Bitcoin-based and Cryptopunks NFTs played a major role in driving this surge. Six CryptoPunks ranked among the top NFT sales over the last 30 days, with prices ranging from $300,000 to over $500,000. 

Additionally, Bored Ape Yacht Club (BAYC) NFTs contributed to the growth, with three pieces selling for more than $200,000 each.  

Ethereum maintained its position as the leading blockchain for NFT activity in November, recording $228.2 million in sales. Bitcoin followed with $188.9 million, while Solana accounted for $83.4 million.  

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Although these numbers remain below the peaks seen earlier this year — monthly NFT sales surpassed $1.2 billion in January — the recent uptick offers a glimmer of recovery. 

The upward trend became evident mid-November, when NFT sales spiked 94% in a single week, reaching $181 million.  

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