NFT sales volume climbed by 198% between October and November.
The values of Blue-chip NFTs have also increased.
The non-fungible token (NFT) market has shown signs of resurgence, experiencing a significant increase in trading volume since October, data from IntoTheBlock has shown.
While the NFT market remains far below the peak levels seen in the previous bull market, there are some signs of a potential recovery. Specifically, a modest increase in the volume traded in NFTs can be observed, breaking the period of decline that started in the spring of this… pic.twitter.com/UMMtK6pUao
— IntoTheBlock (@intotheblock) December 13, 2023
This surge in activity marks a shift from the year-long decline observed in the NFT vertical.
According to data from CryptoSlam, total sales volume jumped 198% from October to November, reaching $918 million. The last time NFT’s monthly sales volume was this high was in March when the market recorded $931 million in total sales.
AMBCrypto earlier re
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