bullish

Bitcoin

when

Polygon

Mythos

Non-fungible tokens (NFTs) have maintained their monthly sales momentum, surging by 57.8% in November as digital collectibles continue to recover.&nbsp;
On Dec. 1, data company CryptoSlam <a data-ct-non-breakable="null" href="https://www.cryptoslam.io/nftglobal?timeFrame=month" rel="null" target="null" text="null" title="null">showed</a> that NFTs recorded $562 million in sales in November, a substantial increase in volume from October. CryptoSlam data also indicates that November’s monthly sales volume for NFTs is the highest since May, when digital collectibles had a $599 million sales volume.&nbsp;
<figure>
 <img alt="NFTs hit $562M in monthly sales volumes, recording six-month high" src="https://s3.cointelegraph.com/uploads/2024-12/01938184-ba05-7851-bdc6-f25e12ee3ced" title="">
 <figcaption style="text-align: center;">
 NFT sales volume from May to December 2024. Source: CryptoSlam
 </figcaption>
</figure>
Despite the surge, NFT monthly volumes are still far from their peak in 2024. In March, digital collectible sales volumes recorded a yearly high of $1.6 billion. However, this was followed by a seven-month slump, with each month’s sales volume decreasing until it <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/nfts-lowest-monthly-volume-since-2021-cryptoslam" rel="null" target="null" text="null" title="null">reached its lowest point</a> since 2021.&nbsp;
<h2 id="cryptopunks-floor-price-surges-by-52">CryptoPunks floor price surges by 52%&nbsp;</h2>
As the broader crypto markets surged, popular NFT collection CryptoPunks also had an impressive record in November. According to crypto data website DefiLlama, the NFT collection had a floor price of 26.3 Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) on Nov. 1. By Nov. 30, CryptoPunks’ floor price had <a data-ct-non-breakable="null" href="https://defillama.com/nfts/collection/0xb47e3cd837ddf8e4c57f05d70ab865de6e193bbb" rel="nofollow noopener" target="_blank" text="null" title="https://defillama.com/nfts/collection/0xb47e3cd837ddf8e4c57f05d70ab865de6e193bbb">risen</a> to 39.7 ETH, worth about $147,000 at current market prices.&nbsp;
<figure>
 <img alt="NFTs hit $562M in monthly sales volumes, recording six-month high" src="https://s3.cointelegraph.com/uploads/2024-12/01938184-5b2d-7638-a8d7-a57c776d9c8d" title="">
 <figcaption style="text-align: center;">
 CryptoPunks floor price data from September to November. Source: DefiLlama
 </figcaption>
</figure>
CryptoSlam data also <a data-ct-non-breakable="null" href="https://www.cryptoslam.io/cryptopunks?headerPeriod=30d" rel="null" target="null" text="null" title="null">showed</a> that CryptoPunks had a 30-day sales volume of more than $49 million, a 392% increase compared to the previous month. The collection also recorded 388 sales transactions, 213% more than in October.&nbsp;
Apart from CryptoPunks, the Pudgy Penguins collection also had an impressive November. The collection’s monthly sales volume <a data-ct-non-breakable="null" href="https://www.cryptoslam.io/pudgy-penguins" rel="null" target="null" text="null" title="null">surged</a> 262% month-on-month, with $16 million in volume.&nbsp;
DefiLlama data also <a data-ct-non-breakable="null" href="https://defillama.com/nfts/collection/0xbd3531da5cf5857e7cfaa92426877b022e612cf8" rel="null" target="null" text="null" title="null">shows</a> that Pudgy Penguins’ floor price rose from 8.7 ETH on Nov. 1 to 13 ETH, or roughly $48,000, on Nov. 30, a 49% increase.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/nft-weekly-sales-volume-158-million" rel="null" target="null" text="null" title="null">NFTs record $158M weekly sales volume, led by Ethereum, Bitcoin</a>
<h2 id="ethereum-bitcoin-leads-nft-comeback">Ethereum, Bitcoin leads NFT comeback</h2>
The Ethereum network led the month with over $216 million in sales volume, a 12% increase from October.&nbsp;
In terms of percentages, Bitcoin recorded the highest increase among the top blockchains for NFTs. The network had $186 million in sales volume, a 99.44% surge from October.&nbsp;
Meanwhile, Solana, Mythos Chain, Immutable, Polygon and BNB Chain collectively recorded $162.9 in NFT sales volume for November.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/cryptopunk-seedphrase-sothebys-nft-collector/" rel="null" target="null" text="null" title="null">Owner of seven-trait CryptoPunk Seedphrase partners with Sotheby’s: NFT Collector</a>

NFTs hit $562M in monthly sales volumes, recording six-month high

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Cointelegraph

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