November NFT Marketplace Recap

In November, the NFT market experienced a significant surge, with trading volumes reaching their highest point in over six months. The total trading volume climbed to an impressive $603 million, marking a robust 146% MoM increase from October's $245 million. Simultaneously, the once-dominant OpenSea witnessed its monthly volume market share dip to a nine-month low of 23% in November, a sharp decline from its 32% in October. In contrast, the marketplace Blur steadily gained traction, persistently surpassing OpenSea in total volume across marketplaces for the past ten months.

All platforms, with the exception of OpenSea Pro, registered a rise in their secondary market volume in November. Notably, Blur and Cryptopunks emerged as the frontrunners, recording the most significant month-over-month volume increases at 166% and 153%, respectively.