Non-fungible token was one of the worst-hit sectors in the digital asset industry, following a year-long downward trend.
The lowest point was during the week ending on October 9th, when the weekly NFT volume amounted to 29.7k ETH. The second week attracted 36k ETH, followed by a steady increase in the figures. The third and fourth weeks saw 47.3k ETH and 56.7k ETH, respectively. During the week ending on November 6th, NFT sales volume climbed above 68.3k ETH.
Ethereum continues to lead in terms of trading volume, experiencing a significant 50% jump. Immutable X comes in second place with $22 million in trading volume, largely driven by Gods Unchained, Cross the Ages, and Illuvium. One blockchain network worth highlighting is Solana, which has been making a comeback after previous setbacks, particularly related to FTX. In October, NFT trading volume on Solana increased by 15%, securing its position as the 5th highest in the rankings. Additionally, zkSync Era, a newcomer, saw its NFT trading volume surge by 88% to reach $12 million within the past month.