NFT Sales Spike to $129M in November, with Blur Leading the Charge

Digital collectible sales are skyrocketing after months of a downtrend. According to blockchain analytics firm Nansen AI, the non-fungible token (NFT) ecosystem has seen a remarkable increase in sales volume in the past five weeks.

Nansen shared a chart on X (formerly Twitter) showing NFTs sales in 30 days.

According to Nansen’s data, the lowest NFT sales were recorded on October 9th when the digital collectible space recorded only 29,704 ETH in sales, worth $56 million at current market figures.

However, this figure has since spiked to 68,342 ETH on November 5th, putting the sales value in fiat at a sizable $129 million.

Per Nansen’s data, the leading marketplace for digital collectibles is Blur NFT. The new generation digital collectible shopping platform generated as much as 171,926 ETH (upwards of $305 million plus) of the total volume recorded within 30 days.

During the same 30-day period, OpenSea, a major player in the NFT ecosystem, recorded a sales volume of 37,765 ETH (less than $100 million). This placed OpenSea second in the market, behind Blur NFT.

Nansen blockchain analytics firm has not been the only one tracking events in the digital collectible ecosystem. NFT insights platform NFTGo has also released a set of impressive NFT trading activities across the industry.

According to a tweet on X, NFTGo stated that several blue-chip digital collectibles saw their bearish situation change in October.

NFTs like Bored Ape Yacht Club (BAYC), Azuki, Pudgy Penguins, The Captainz, Memeland, and Meebits NFTs saw an increase of 11% within the tenth month of the year.