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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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NFT Dream Comeback: Volumes Soared, 57% Increase Draws Attention! - Coin Bulletin
The star of the past bull market NFTs may be witnessing a new comeback.
In November, NFT (non-fungible token) sales continued the recovery process, showing a monthly increase of 57.8%. According to data published by CryptoSlam on December 1st, NFT sales reached $562 million in November, representing a significant increase compared to October.
According to the data, this sales volume was recorded as the highest monthly sales figure since May. NFT sales were at $599 million in May.
NFTs are Far from the Peak, But the Recovery Continues
Despite the increase in November, NFT sales volumes are significantly below peak figures in 2024. In March, digital collection sales volumes reached their highest level ever, recording $1.6 billion.
However, following this peak, there was a seven-month period of decline, and trading volumes dropped to their lowest levels since 2021.
CryptoPunks and Pudgy Penguins Stand Out
With the general rise of the crypto markets, popular NFT collection CryptoPunks has shown remarkable performance in November. According to DefiLlama data, the collection's base price was 26.3 ETH on November 1st, and it increased to 39.7 ETH as of November 30th.
This represents an increase of approximately 52% and corresponds to around $147,000 at current market prices.
Additionally, CryptoSlam data showed that CryptoPunks' 30-day sales volume exceeded $49 million in November, indicating a 392% increase from the previous month. The collection saw a 213% increase, with 388 sales transactions compared to October.
Leader in the Ethereum and Bitcoin NFT Market
Ethereum led the recovery in the NFT market. With a sales volume exceeding 216 million dollars in November, the Ethereum network recorded a 12% increase compared to October.
The largest increase in percentage terms occurred on the Bitcoin network. Bitcoin-based NFTs achieved a sales volume of $186 million in November, with a 99.44% surge.