November saw a remarkable recovery in non-fungible token (NFT) sales, which increased by 62.88% to $588 million from $361 million in October. Leading the way with $218.83 million in sales, Ethereum-based NFTs saw a sharp increase from $120 million the month before.
NFTs for Ethereum and Bitcoin Drive the November Boom
With Bitcoin and Ethereum leading the charge, the NFT market sprang back to life in November after plunging 36% in October. With a little over $6 million in sales, a Bitcoin-based Ordinal set the record as the month’s best selling. Second place went to Ethereum’s Tokenvesting Plan #1109, which sold for $962,278, while Solana Boogle #076 ended up closing at $269,314.
While Bitcoin-based NFTs experienced a strong surge to $188.05 million, triple October’s $69.6 million number, Ethereum maintained its supremacy with $218.83 million in total sales. Mythos Polkadot and Immutable came in second and third with $25 million and $24.17 million, respectively, after Solana’s $83.24 million contribution. These five blockchains collectively produced $539.29 million of the market value.
Blue-Chip NFTs Continue to Hold Their Ground
Well-known collections like Ronin’s Axie Infinity and Ethereum-based Cryptopunks hold firm despite year-round swings in the NFT market. Cryptopunks ranked second for the month with $49.78 million in revenue in November. In the meantime, Bored Ape Yacht Club (BAYC), with $3.22 billion in lifetime sales, and Ronin’s Axie Infinity, with over $4.28 billion in lifetime sales, remained powerful.
The NFT Landscape Is Defined by High-Performing Collections
With $72.85 million, Bitcoin’s BRC20 NFTs were the most profitable collection of November. Cryptopunks from Ethereum came in second, and Dmarket from Mythos came in third. These iconic names highlight the timeless value of blue-chip NFTs in a changing market, even when newer collections appear.
