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NFT transaction volumes surge to $129 million in November, according to insights from Nansen.

Nansen, a blockchain analytics firm, disclosed that NFT sales volumes totalled 68,342 ETH for the week ending November 6th.

The blockchain analytics platform Nansen has observed a consistent rise in weekly Ether (ETH) sales volumes for nonfungible tokens (NFTs). As of October 9, NFT sales were recorded at 29,704 ETH, equivalent to approximately $56 million at current ETH market prices. Subsequently, the sales volume progressively increased each week, reaching 68,342 ETH, with a market value exceeding $129 million.

During the last 30 days, NFT marketplace Blur dominated the NFT trading landscape, boasting a trading volume of 161,433 ETH, approximately $305 million, according to data compiled by NFTGo. Following closely was OpenSea, a competitor, securing the second position with a trading volume of 52,307 ETH, equivalent to around $100 million.

In the realm of NFT collections, Bored Ape Yacht Club (BAYC) emerged as the leader in the 30-day trading volume category. The BAYC collection amassed a trading volume of 35,226 ETH, totalling approximately $66.7 million. Notably, Mutant Ape Yacht Club (MAYC) followed with a volume of 14,947 ETH, and The Captainz garnered a trading volume of 9,948 ETH.


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