The average value of NFT transactions rose from $126 to $270, marking a 114% increase in November.
As crypto markets turn bullish, non-fungible token (NFT) trading is starting to join the wave, reaching nearly $1 billion in volume in November, according to data published by decentralized app tracking platform DappRadar.
The report highlighted that the NFT industry maintained upward momentum for the second month in a row. Trading volume rose 125% in November, signaling a shift in user behavior compared to previous downturns in NFT trading.
On November 6, analytics firm Nansen reported that NFT sales volumes showed continued weekly increases in October. NFT sales increased consistently, from $56 million in the week ending October 9 to $129 million in the week ending November 5.
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