On November 2nd, CryptoSlam data shows that the trading volume of NFTs in September 2024 was only about 300 million US dollars, a decrease of 20% from the record in August. However, although the monthly sales volume of NFTs in 2024 continued to decline, the monthly sales volume of NFTs in October showed a brief rebound.
In October 2024, the total trading volume of NFTs reached 356 million US dollars, an increase of 18% month-on-month. The surge in NFT sales broke the trend of monthly sales of digital collectibles declining for seven consecutive months.
In addition, the number of NFT transactions has also increased. In October, the number of NFT transactions was 7.2 million, an increase of 42% from the 5 million in September. In addition to the increase in monthly trading volume, NFT's weekly trading volume also reached a new high in October. According to CryptoSlam, the weekly sales of NFTs from September 30th to October 6th reached the highest level since August, reaching up to 84 million US dollars.