In October, non-fungible tokens (NFTs) reversed a seven-month decline, seeing an 18% increase in trading volume.
Since March, when NFT monthly volumes reached $1.6 billion—their highest in 2024—the market had been trending downward, hitting its lowest monthly volume since 2021 in September.
According to CryptoSlam, NFT volume in September 2024 was around $300 million, marking a 20% decrease from August. However, NFT sales volume showed some recovery in October, reaching $356 million, an 18% in