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Positive Momentum Towards the End of the Month
Despite the weekly decline, the long-term trend of NFTs shows a positive direction. In October, total monthly NFT sales reached $356 million, an increase of 18% compared to September.
November seems to continue this momentum, with weekly figures still above the early-month level.
This trend ends a seven-month downward period in NFT sales. The dynamics between Ethereum's dominance in sales volume and the increasing buyer activity in Solana highlight the differences in blockchain ecosystem strategies.
The presence of other networks such as Polygon, Mythos Chain, Immutable, and BNB Chain, which collectively recorded sales of $35.8 million, also emphasizes the diversification of the NFT market.