NFT Trends Indicate Continued Popularity Across Blockchains

Despite a minor drop in weekly sales, the NFT market is still lively. According to the most recent data from CryptoSlam, NFT sales for the week ending November 24 totaled $158 million, a 12.7% decrease from the $181 million sales the week before. Nonetheless, this amount represents a significant improvement over the $93 million in early November, indicating steady market interest.

Blockchain Performance and Buyer Trends

Ethereum led in NFT sales, generating $49 million, despite a 25.9% dip. Bitcoin followed with $43 million, experiencing a 29% decrease. Meanwhile, Solana stood out by increasing its buyer base to over 185,000, up from 117,000. The surge highlights growing user interest, even as Solana’s sales totaled $23.9 million, a 9% decline.

The average transaction value dropped slightly, from $133.08 to $126.17. Despite this, varied trends across blockchains suggest robust buyer engagement.

The NFT market showed signs of recovery in October, with $356 million in sales—a rebound from seven months of decline. Strong buyer activity and Ethereum’s dominance underline the NFT sector’s enduring appeal.

With diverse participation across platforms, NFTs are cementing their place as a dynamic digital asset class, poised for steady activity into the year-end.