NFT trading volume in November increased by 122% compared to October. The amount of transactions with digital collections last month amounted to $908 million.
NFT projects launched in bitcoin and ethereum networks demonstrated the highest turnover.
According to the CryptoSlam service, the volume of BTC and ETH-based digital artwork trades totaled $373 million and $349 million, respectively.
Trading has increased on the leading blockchains by about 52% over the past 30 days.
In contrast, NFT market participant activity in October was the lowest since the beginning of 2021. Trading volume totaled just $313 million.
Following bitcoin and etherium was Solana in the ranking of networks in terms of NFT transactions.
NFT turnover on the SOL blockchain increased by 773% in November.
Statista predicts that digital collections could see a strong increase in popularity in December due to the holidays.
The NFT market capitalization at the end of 2023 may exceed $1.6 billion. The average income of each collection user will be about $114.3. The greatest activity in the outgoing year was demonstrated by investors from the United States.
By 2027, the number of users of NFT-projects will reach 19.3 million, according to the Statista report.