Blur

Solana

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 <p class="is-style-lead">Major NFT <a rel="noopener noreferrer nofollow" title="collection" href="https://thebittimes.com/tag/collection.html">collection</a>s see increased demand as <a rel="noopener noreferrer nofollow" title="sales" href="https://thebittimes.com/tag/sales.html">sales</a> and trading <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> soar across several networks.&nbsp;</p>
 <p>As the crypto market rallied after a prolonged crypto winter, the non-fungible tokens (NFT) market also hints at a comeback — the trading volume of several major collections recording significant highs after months of steady decline.&nbsp;</p>
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    <p lang="en" dir="ltr">NFT markets are rallying again <br><br>Here's all the bullish news you need to know<br><br>In 4 minutes or less pic.twitter.com/GuZM6X2zQu</p>— Bankless (@BanklessHQ) November 12, 2023
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 <p>According to the data from Coingecko, the floor prices of the top 15 NFT collections have significantly soared over the last few days, demonstrating increasing demand.</p>
 <p>Most notably, the floor price of the Bored Ape Yacht Club (BAYC) <a rel="noopener noreferrer nofollow" title="collection" href="https://thebittimes.com/tag/collection.html">collection</a> 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 <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> has also risen by 51% today, showcasing increased trading across <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>places.&nbsp;</p>
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   TOP NFTs | Source: CoinGecko
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 <p>The 24-hour trading volume of Captainz, a popular collection from Memeland, soared by over 680% since yesterday.&nbsp;</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> CryptoPunks drive NFT surge with $1.1m sale
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 <p>Data from Dune Analytics 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;</p>
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   NFT trading volume across major marketplaces | Source: Dune
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 <p>In terms of sales volume, CryptoPunks led the way with a 373% increase in weekly sales. BAYC also recorded a 42% increase in sales.</p>
 <p>Overall, weekly NFT sales increased by over 60% on Ethereum (ETH) and Solana (SOL) networks. Bitcoin’s BRC-20 collections also saw increased demand, with $SATS and $RATS making notable sales over the week.&nbsp;</p>
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   Blockchains by NFT sales volume | Source: CryptoSlam
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 <p>The rising sales and trading volumes suggest a positive Q4 for the NFT 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;</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Blur token skyrockets as NFT sales surpass the $10m mark
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/nft-market-revives-as-major-collections-soar-in-sales-and-volume-tbt70147.html">https://thebittimes.com/nft-market-revives-as-major-collections-soar-in-sales-and-volume-tbt70147.html</a></p>

NFT market revives as major collections soar in sales and volume

TheBitTimes

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