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    Weekly NFT Sales Hit $158 Million Despite Market Fluctuations, With Ethereum, Bitcoin, and Solana Leading

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    Non-fungible tokens (NFTs) generated about $158 million in sales over the past week, according to NFT data tracker CryptoSlam. Despite representing a 12.7% drop from the previous week, it’s still a 69% increase from the start of November. Leading the sales are Ethereum, Bitcoin, and Solana, bringing in $49 million, $43 million, and $23.9 million respectively, though all saw a decrease. However, Solana recorded the highest number of NFT buyers, a significant 57.99% increase from the previous week. Despite fluctuations, NFTs continue to show a generally positive trend.

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    Even though there was a small decrease in sales from last week, non-fungible tokens (NFTs) still held pretty strong. CryptoSlam, an NFT data tracker, said that digital collectibles brought in about $158 million in sales these past seven days. That’s a 12.7% drop from the week before when they sold $181 million worth.

    Don’t worry, though, things aren’t doing bad. Even with this slight decrease in sales, we’re still doing way better than we were at the start of November. Back then, NFTs only made $93 million in one week. So even with the recent drop, we’re still up 69% from the beginning of the month.

    Now let’s talk about who’s leading the charge. In sales, Ethereum’s pulling ahead, even though it saw a 25.9% drop with sales of $49 million this week. Right behind it is Bitcoin, with $43 million in sales and a decrease of 29%.

    Meanwhile, Solana’s coming in third in sales with $23.9 million for the week, which is a 9% drop from the last. However, this network had the highest number of NFT buyers – over 185,000 to be exact, which is a huge 57.99% increase from last week.

    The average transaction value dipped a tiny bit, going down from $133.08 to $126.17 across all networks.

    For the month, NFTs are still going strong. Back in October, they sold $356 million which was an 18% increase from September’s numbers. Things are looking promising for November, and it seems people’s interest in NFTs isn’t going away, despite the market’s ups and downs. It’s especially interesting to see how Solana’s buyer activity is rising and Ethereum’s maintaining top position in sales. It goes to show how different things can be on different blockchains in the world of digital collectibles.

    This positive uptrend is great news, especially considering the big slump NFT sales were in for the past seven months. Here’s to hoping the good vibes continue!

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