NFT Sales Jumped 22% This Month With $568 Million Of NFTs Sold Across 20 Blockchains

Sales of non-fungible tokens (NFTs) have shown improvement over the past month, with 30-day stats showing NFT sales up 22.37% from the previous month. Over the past seven days, NFT sales have increased by 5.13% compared to the previous week. Moreover, in the last two days, the floor value of Bored Ape Yacht Club (BAYC) NFTs managed to exceed the floor value of Cryptopunks NFTs by more than four ethereum.

NFT Sales Improved in November, Up 22% from October Sales – BAYC Floor Surpasses Cryptopunks

About two weeks ago, Bitcoin.com News reported on the two top notch NFT collections – Cryptopunks and Bored Ape Yacht Club (BAYC) NFTs. At the time, NFT Cryptopunks managed to overtake BAYC NFTs in terms of NFT lows, but over the past couple of days, Bored Ape lows have once again taken the reins.

NFT sales jumped 22% this month with $568 million worth of NFTs sold across 20 blockchains
Statistics from nftpricefloor.com as of November 29, 2022.

At the time of writing, the bottom value of the cheapest BAYC is 69.88 ether, while the floor value of Cryptopunks is 65.94 ether. The BAYC floor price managed to stay above the floor value linked to the Cryptopunks collection for two days.

NFT sales jumped 22% this month with $568 million worth of NFTs sold across 20 blockchains
30-day stats from cryptoslam.io as of November 29, 2022.

NFT sales were higher in the past 30 days as there were $568.19 million in digital collectibles sales last month, about 22.37% higher than the previous month. The number of NFT buyers last month decreased by 12.83% and the quantity of NFT transactions fell by 27.09% compared to the number of NFT transactions last month.

NFT sales jumped 22% this month with $568 million worth of NFTs sold across 20 blockchains
Blockchain NFT sales stats as of November 29, 2022, via cryptoslam.io.

Of the $568.19 million in NFT sales, $443.55 million of those sales were Ethereum-based NFTs. Ethereum-based NFT sales increased by 45.99% compared to last month, according to statistics recorded by cryptoslam.io.

The largest month-over-month increase in NFT sales came from Arbitrum blockchain NFT sales, with Arbitrum NFT sales increasing by 46.83%. Below Ethereum and Arbitrum-based NFT sales, Fantom’s sales were 43.58% higher than the previous month.

NFT sales jumped 22% this month with $568 million worth of NFTs sold across 20 blockchains
Top five NFT collections over the past month according to data collected on November 29, 2022.

Blockchains that saw significant month-over-month declines include Cardano NFT sales down 54.98%, BNB down 49.21%, Polygon NFT sales down 66 .35% and Ronin-based NFT sales down 54.76%. Avalanche-based NFT sales also fell 49.32% from the previous month.

Over the past month, the NFT collection with the most sales was BAYC, as it captured $64,907,645 in the last 30 days. Art Gobblers raised $57.18 million and Mutant Ape Yacht Club (MAYC) NFTs raised $29.14 million.

Among the top 40 NFT collections by sales, Meebits saw the biggest 30-day increase, with Meebits NFT sales jumping 172.85% this month to $2.53 million. The most expensive NFT sold in the last month was Bored Ape Yacht Club #8,633, as it sold for $953,000 12 days ago.

NFT sales jumped 22% this month with $568 million worth of NFTs sold across 20 blockchains
The five most expensive NFT sales of the past month, according to data collected on November 29, 2022.

BAYC #8633 was followed by BAYC #1268, which sold six days ago for $923,000, and BAYC #232 which sold for $908,000 six days ago. The five most expensive NFTs sold in the last 30 days were BAYC NFTs, and the sixth biggest sale was Cryptopunk #8191 which sold for $438,000 about 26 days ago.

Keywords in this story

30 day NFT sales, Arbitrum blockchain, Avalanche, BAYC, bnb, Bored Ape Yacht Club, Cardano, cryptopunks, Ethereum, Fantom, most expensive NFTs, Mutant Ape Yacht Club, NFT sales, NFT, Non fungible token, Non fungible tokens , polygon, ronin, NFT sales

What do you think of the state of the NFT markets last month and the improvement in sales by jumping 22% from the previous month? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.




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