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Major NFT collections see increased demand as sales and trading volume soar across several networks.&nbsp; 
As the crypto market rallied after a prolonged crypto winter, the non-fungible tokens (<a href="https://crypto.news/tag/nft/" data-type="link" data-id="https://crypto.news/tag/nft/">NFT</a>) market also hints at a comeback — the trading volume of several major collections recording significant highs after months of steady decline.&nbsp; 
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 NFT markets are rallying again 🔥 Here's all the bullish news you need to know In 4 minutes or less 👇 <a href="https://t.co/GuZM6X2zQu" target="_blank">pic.twitter.com/GuZM6X2zQu</a>— Bankless (@BanklessHQ) <a href="https://twitter.com/BanklessHQ/status/1723785796422119684?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 12, 2023</a>
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According to the data from <a href="https://www.coingecko.com/en/nft" target="_blank" rel="noopener">Coingecko</a>, the floor prices of the top 15 NFT collections have significantly soared over the last few days, demonstrating increasing demand. 
Most notably, the floor price of the Bored Ape Yacht Club (<a href="https://crypto.news/tag/bored-ape-yacht-club/" data-type="link" data-id="https://crypto.news/tag/bored-ape-yacht-club/">BAYC</a>) collection has increased over 70% in a month, from $24.8 in the first week of October to $30.90 on Nov. 13. BAYC’s 24-hour trading volume has also risen by 51% today, showcasing increased trading across marketplaces.&nbsp; 
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 <img decoding="async" loading="lazy" width="1088" height="476" src="https://crypto.news/app/uploads/2023/11/Screenshot-2023-10-22-130444.png" alt="NFT market revives as major collections soar in sales and volume - 14" class="wp-image-14215340" style="aspect-ratio:2.2857142857142856;width: 100%;height:auto">
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 TOP NFTs | Source: <a href="https://www.coingecko.com/en/nft" target="_blank" rel="noopener">CoinGecko</a>
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The 24-hour trading volume of Captainz, a popular collection from Memeland, soared by over 680% since yesterday.&nbsp; 
 You might also like: <a href="https://crypto.news/cryptopunks-drive-nft-surge-with-1-1m-sale/"> CryptoPunks drive NFT surge with $1.1m sale </a> 
Data from <a href="https://dune.com/hildobby/NFTs" target="_blank" rel="noopener">Dune Analytics</a> show that NFT trading volume across major marketplaces in November recorded the highest figures since July. On Nov. 10, daily trading volume reached a four-month high, with Blur accounting for the lion’s share of the trades.&nbsp; 
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 <img decoding="async" loading="lazy" width="874" height="459" src="https://crypto.news/app/uploads/2023/11/dune.png" alt="NFT market revives as major collections soar in sales and volume - 15" class="wp-image-14215341" style="aspect-ratio:1.9041394335511983;width: 100%;height:auto">
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 NFT trading volume across major marketplaces | Source: <a href="https://dune.com/hildobby/NFTs" target="_blank" rel="noopener">Dune</a>
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In terms of sales volume, CryptoPunks led the way with a 373% increase in weekly sales. BAYC also recorded a 42% increase in sales. 
Overall, weekly NFT sales increased by over 60% on Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/">ETH</a>) and Solana (<a href="https://crypto.news/price/solana/" data-type="link" data-id="https://crypto.news/price/solana/">SOL</a>) networks. Bitcoin’s BRC-20 collections also saw increased demand, with $SATS and $RATS making notable sales over the week.&nbsp; 
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 <img decoding="async" loading="lazy" width="914" height="372" src="https://crypto.news/app/uploads/2023/11/Screenshot-2023-10-21-200155-1.png" alt="NFT market revives as major collections soar in sales and volume - 16" class="wp-image-14215342" style="aspect-ratio:2.456989247311828;width: 100%;height:auto">
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 Blockchains by NFT sales volume | Source: <a href="https://www.cryptoslam.io/" target="_blank" rel="noopener">CryptoSlam</a>
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The rising sales and trading volumes suggest a positive Q4 for the <a href="https://crypto.news/learn/most-expensive-nfts-highest-selling-digital-gems/">NFT</a> market, with increased demand across all major marketplaces. However, the non-fungible tokens market is still a mere shadow of its 2021 peak. If the positive sentiment continues to sustain over the new year, we might see the overall market revive to some extent.&nbsp; 
 Read more: <a href="https://crypto.news/blur-token-skyrockets-as-nft-sales-surpass-the-10m-mark/"> Blur token skyrockets as NFT sales surpass the $10m mark </a>

NFT market revives as major collections soar in sales and volume

crypto.news

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