In a significant development for the digital collectibles market, non-fungible tokens (NFTs) have continued their upward trajectory, registering a substantial increase in sales volume for November. According to data from CryptoSlam, NFTs recorded $562 million in sales during the month, marking a 57.8% surge compared to October.

NFT Sales Volume Reaches New Heights

This latest sales milestone is a testament to the growing popularity of digital collectibles among art enthusiasts and investors alike. November’s monthly sales volume for NFTs stands at $562 million, the highest since May when the market recorded $599 million in sales. The data from CryptoSlam highlights the sustained interest in NFTs, despite fluctuations in the broader crypto markets.

NFT Sales Volume from May to December 2024

| Month | NFT Sales Volume (USD) |
| — | — |
| May 2024 | $599 million |
| June 2024 | $342 million |
| July 2024 | $251 million |
| August 2024 | $193 million |
| September 2024 | $217 million |
| October 2024 | $355 million |
| November 2024 | $562 million |

CryptoPunks Floor Price Surges by 52%

The surge in NFT sales volume is mirrored in the performance of popular collections like CryptoPunks. According to DefiLlama, the floor price of CryptoPunks, a highly sought-after NFT collection, rose by 52% in November. The floor price increased from 26.3 ETH on November 1st to 39.7 ETH by the end of the month.

CryptoPunks Floor Price Data from September to November

| Date | CryptoPunks Floor Price (ETH) |
| — | — |
| Sep 1, 2024 | 22.5 ETH |
| Oct 1, 2024 | 25.9 ETH |
| Nov 1, 2024 | 26.3 ETH |
| Nov 30, 2024 | 39.7 ETH |

Pudgy Penguins Collection Sees Impressive Growth

Apart from CryptoPunks, the Pudgy Penguins collection also experienced significant growth in November. According to CryptoSlam data, the collection’s monthly sales volume surged by 262% compared to October, with a total of $16 million in sales.

NFT Sales Data for Popular Collections in November

| Collection | Monthly Sales Volume (USD) |
| — | — |
| CryptoPunks | $49.3 million |
| Pudgy Penguins | $16 million |

Ethereum and Bitcoin Lead NFT Sales Volumes

In terms of blockchain performance, Ethereum led the month with over $216 million in sales volume, a 12% increase from October. Meanwhile, Bitcoin recorded a remarkable surge in sales volume, reaching $186 million, a 99.44% increase compared to October.

NFT Sales Volume by Blockchain

| Blockchain | NFT Sales Volume (USD) |
| — | — |
| Ethereum | $216 million |
| Bitcoin | $186 million |
| Solana, Mythos Chain, Immutable, Polygon and BNB Chain | $162.9 million |

Conclusion

The recent surge in NFT sales volume is a testament to the growing demand for digital collectibles among art enthusiasts and investors. As the market continues to evolve, it will be interesting to see how popular collections like CryptoPunks and Pudgy Penguins perform in the coming months.

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