NFT Sales Reach 18% Growth in October
Date: 2024-11-04 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
In October 2024, non-fungible token (NFT) sales reached $356 million, up 18% from the record low of September. The NFT market saw a sharp rise in the first months of the year, peaking at $1.6 billion in March, but then began to decline until October.
According to analytics platform CryptoSlam, September sales only reached $300 million, down 20% from August. October was the first month in seven months with a noticeable increase in transaction volume. The number of transactions also increased significantly, increasing by 42% to 7.2 million, up from 5 million in September.
Also, daily NFT sales hit record highs in October. The period from September 30 to October 6 saw the highest sales in the last three months, exceeding $84 million.
Among NFT collections, DMarket, based on the Mythos Chain blockchain, was the leader in sales in October, with a result of $33 million. Next came Guild of Guardians Heroes tokens, running on the Immutable blockchain, with a sales volume of $13 million.
In terms of total sales, the top five blockchains for NFTs included Ethereum, Solana, Bitcoin, Ronin, and Polygon, demonstrating high activity and user interest in their platforms for NFT transactions.
