According to BlockBeats, on November 2, CryptoSlam data showed that the trading volume of NFTs in September 2024 was only about 300 million USD, a decrease of 20% compared to the record in August. However, despite the continued decline in monthly NFT sales in 2024, there was a brief rebound in monthly NFT sales in October.
In October 2024, the total trading volume of NFTs reached 356 million USD, an increase of 18% month-on-month. The surge in NFT sales broke the trend of declining monthly sales of digital collectibles for seven consecutive months.
In addition, the number of NFT transactions also increased, with 7.2 million transactions in October, up 42% from 5 million transactions in September. Besides the increase in monthly trading volume, the weekly trading volume of NFTs also reached a new high in October. According to CryptoSlam, from September 30 to October 6, the weekly sales of NFTs reached the highest level since August, peaking at 84 million USD.