• Weekly NFT sales volume fell by 12.7% to $158 million, with Ethereum leading in sales and Solana dominating in buyer count with a 58% surge.
• Bitcoin NFT sales dropped by 29%, while Polygon recorded a remarkable 289.66% growth, reflecting varied blockchain performance.

Non-fungible tokens (NFTs) experienced a dip in weekly sales volume, reflecting the sector’s volatile dynamics despite maintaining strong overall activity. According to data from CryptoSlam, NFT sales volume for the week ending November 24 totaled approximately $158 million, representing a 12.7% decrease from the previous week’s $181 million. Despite this decline, the numbers remain significantly higher than early November levels when weekly sales reached just $93 million.

Ethereum led in sales volume, recording $49 million over the week, a 25.9% drop from the previous period. Bitcoin followed closely with $43 million in sales, marking a sharper decline of 29%. Meanwhile, Solana secured the third position with $23.9 million in sales, reflecting a relatively modest 9% decrease. Collectively, Polygon, Mythos Chain, Immutable, and BNB Chain contributed $35.8 million in sales volume.

However, the Solana network showed a contrasting trend in buyer activity. Solana recorded over 185,000 NFT buyers during the week, a 58% increase from the previous week’s 117,000 buyers. This surge solidified Solana’s position as the leader in buyer count among blockchains. Despite the uptick in buyer participation, the average transaction value across all blockchains dropped slightly from $133.08 to $126.17.

In a separate report, NFT sales volume saw a similar decline to $160.9 million in the most recent week, a 9.6% drop from the preceding week’s $178.8 million. Ethereum remained at the forefront with $51.3 million in sales, a 23.07% decrease, followed by Bitcoin with $44.6 million, reflecting a 25.67% decline.

Polygon emerged as a notable performer, with a significant jump in sales volume to $13.5 million, marking a 289.66% increase over the previous week. Meanwhile, Solana showed resilience with $25.8 million in sales, reflecting a 6.83% rise.

BRC-20 NFTs continued to dominate the market, amassing $16.6 million in sales despite a steep 41.39% decline. “NFTs are closing the year with sustained activity, showing both volatility and resilience in the market,” noted an industry analyst.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by Harshajit Sarmah.