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Positive Momentum Ahead of the End of the Month
Despite the weekly decline, the long-term trend of NFTs shows a positive direction. In October, the 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 consecutive decline in NFT sales. The dynamics between Ethereum's dominance in sales volume and the increasing buyer activity on Solana highlight the differences in blockchain ecosystem strategies.
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The presence of other networks such as Polygon, Mythos Chain, Immutable, and BNB Chain collectively recorded sales of $35.8 million, further reinforcing the diversification of the NFT market.