Bitcoin and Ethereum drive $158M in NFT sales Noor Bazmi | usagoldmines.com

NFT sales totaled $158 million in the past seven days. That is down 12.7% from the previous week of sales that reached $181 million. These sales are dominated by Ethereum followed by Bitcoin.

According to CryptoSlam on November 24th,  the sale of Non-fungible tokens is going strong.  However, it is slightly down as compared to the pump in the previous week.

Even so, this week’s sales are still vastly higher than they were earlier in November. Between Nov. 4 and Nov. 10, sales volumes were $93 million. This means the sales count was up by 69% from the start of the month.

NFT sales volume is still dominated by Ethereum. The stats show that it generated $49 million last week which is down 25.9% from the prior week. On the other hand, the sales for Bitcoin came in behind, at the second rank at $43 million, down to 29%.

Weekly sales volume remained in third place for Solana, with $23.9 million, a 9% drop compared to last week. In addition, $35.8 million in sales was recorded by other blockchains like Polygon, Mythos Chain, Immutable, and BNB Chain.

Solana leads by 185,000 NFT buyers in the past 7 days

Solana outperformed every other blockchain in terms of buyers. Last week, there were over 185,000 NFT buyers on Solana. This is up 58% from the 117,000 NFT buyers the week prior.

The average transaction value across all blockchains was down slightly, from $133.08 in the prior week to $126.17 last week.

November looks like a good month to end for the digital tokens

NFTs sold $356 million in October, up 18% from September.

Despite the fluctuations, the current weekly numbers show that interest in NFTs is still there. Solana also shows growing buyer activity, while Ethereum remains the top seller. That’s on the heels of October’s big rebound that halted a seven-month decline in NFT sales.

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This articles is written by : Nermeen Nabil Khear Abdelmalak

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