The NFT trading volume in November increased by 122% compared to October, reaching $908 million last month, particularly due to digital collections. NFT projects on Bitcoin and Ethereum platforms showed the highest turnovers.

According to CryptoSlam data, BTC and ETH-based NFT trades amounted to $373 million and $349 million respectively. In the last 30 days, trades on leading blockchains increased by about 52%. In October, the NFT trading volume was the lowest since the beginning of 2021, at only $313 million.

Solana ranked third in the network volume ranking for NFT transactions, with turnover on the SOL blockchain in November increasing by 773%. Statista predicts that the popularity of digital collections may significantly increase in December due to the holidays.

By the end of 2023, the market capitalization of NFTs may exceed $1.6 billion, with the average revenue per user being about $114.3. The highest activity was shown by investors from the USA. By 2027, the number of NFT project users is expected to reach 19.3 million, as indicated in the Statista report.