The non-fungible token (NFT) market recorded a remarkable rebound this week, with total sales surging to $179.48 million from November 9 to November 16, according to data from Cryptoslam.io. This represents a 90.74% increase compared to the previous week, driven by strong performance across multiple blockchains and top collections.
Ethereum Dominates, Bitcoin and Solana Follow
Among 21 monitored blockchains, Ethereum-based NFTs led the pack with $67.72 million in sales, up 126.79% week-over-week. Bitcoin-focused NFTs secured the second position with $59.96 million, marking a 129.22% boost. Solana rounded out the top three with $24.39 million in sales, a 91.85% increase. Blast blockchain, despite a low total volume of $718,850, posted an impressive 256.30% weekly gain, highlighting emerging interest in smaller platforms.
Top Collections: Bitcoin BRC20 Takes the Crown, CryptoPunks Skyrockets
The Bitcoin BRC20 NFT collection generated the highest sales among individual sets, raking in $28.14 million — a 165.96% surge from the prior week. The iconic CryptoPunks collection followed closely with $23.17 million in sales, soaring an astonishing 665.29% week-over-week. Other top performers included Bitcoin Puppets, Dmarket, Bored Ape Yacht Club (BAYC), Nodemonkes, Guild of Guardians, Doodles, Zereborn, and Pudgy Penguins. The priciest single sale was an Ethereum-based Wise Lending NFT that fetched $678,379, followed by Solana's Boogle #076 at $269,314 and an uncategorized Bitcoin Ordinal at $105,365.
Market Outlook: Diversification and Innovation Ahead
This week's data underscores a dynamic recovery in the NFT market. Ethereum retains its dominance, but Bitcoin's rapid ascent signals its growing appeal in the digital collectibles space. Meanwhile, niche platforms like Blast and emerging collections are carving out market share, suggesting continued diversification and innovation. As crypto markets remain volatile, the sustainability of this NFT uptrend will likely depend on broader market stability and the launch of utility-driven projects.