NFT Sales Boom in November — Bitcoin Dethrones Ethereum in Market Surge

Fungible tokens (NFTs) experienced a notable surge in November, with a 129.01% increase in sales volume compared to October. Additionally, NFTs created on the Bitcoin blockchain surpassed those on Ethereum in terms of sales this past month. This shift can be attributed to a marked rise in Ordinal inscription minting and trading activities on the Bitcoin network in recent times.

Bitcoin Climbs Past Ethereum in Staggering November NFT Sales Surge

NFTs experienced a vibrant month in sales over the past 30 days, reaching close to $1 billion in transactions, with an exact figure of $944.33 million. This figure represents a slight increase, just above 129%, compared to the $412 million in sales observed in October. However, despite this upsurge, November saw a decline of 20.16% in buyer participation, while seller numbers fell by 18.90%, as reported by cryptoslam.io statistics.