NFT Sales Increase In October, Up By +10% From September 2024

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The global non-fungible token market has been a rollercoaster in the past several months, with its highs and lows often making headlines. As crypto markets turn bullish, the non-fungible token market has also started to join the wave, with trading sales volume surpassing the $340 million mark in October 2024. During this time, NFT trading sales volumes have grown by an impressive +10%, indicating a notable comeback.

NFT Sales Surge +10% In October 2024

Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer backed by billionaire Mark Cuban, indicates that this month’s non-fungible token market has slightly surged in trading sales volume. In the past 30 days, the NFT market has amassed a trading sales volume of $347 million, representing a +10% surge from the past month. In September 2024, the global NFT market sales fell over 40% to $303 million, marking the lowest trading sales since October 2023.

Ethereum, the blockchain network powering Ether crypto and renowned in the NFT market for powering the majority of blue-chip non-fungible token collections, has been this month’s top-traded blockchain network in the NFT ecosystem. In the past 30 days, the Ethereum-based non-fungible token collections have amassed a trading sales volume of $119 million. However, the Ethereum NFT trading sales volume has decreased 34% from the past month.

Bitcoin, the blockchain network powering the flagship crypto, Bitcoin, and renowned in the NFT market for hosted Runes and Ordinals and BRC-20 NFT collections, has been this month’s second most-traded blockchain network in the NFT ecosystem. In the past 30 days, the Bitcoin-based non-fungible token series has raised a trading sales volume of $69 million. However, the volume of Bitcoin NFT trading sales has reduced by 27% compared to the past month.

Source: cryptoslam.io, NFT sales in October 2024 by blockchain network

Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, has been this month’s third most-traded blockchain network in the NFT ecosystem. In the past 30 days, the Solana-based NFT collections have amassed a trading sales volume of $66 million. During this period, the Solana NFTs have tanked 23% in trading sales volume.

Mythos Chain, a gaming blockchain network built on Polkadot to democratize the gaming world, has been this month’s fourth most-traded blockchain network in the NFT market. In the past 30 days, the Mythos Chain-based NFTs have raised a trading sales volume of $38 million. During this time, the Mythos Chain NFT trading sales volume surged 138%, overtaking Polygon.

Non-fungible tokens hosted on the Polygon, an Ethereum scaling blockchain network, have been this month’s fifth most-traded NFT collections, closing our top five NFT blockchain networks. In the past 30 days, the Polygon-based NFT collections have amassed a trading sales volume of $20 million. During this time, Polygon NFT trading sales volume has plunged 74% from the past month.

In October 2024, the global non-fungible token market saw 969,703 individuals buying NFTs and 606,261 users selling their NFTs, pushing the total NFT transactions to +7 million. In September 2024, the NFT market recorded 863,000 NFT buyers and 342,000 NFT sellers, making transactions over 5 million. The NFT market has seen wash trading reducing consecutively in September and October 2024.

Top Selling NFTs In The Past 30 Days

1. DMarket NFT Collection

DMarket, a non-fungible token collection from the virtual asset market platform DMarket hosted on the Mythos Chain blockchain network, has been the most-selling NFT collection in the NFT market this October. In the past 30 days, the DMarket NFT collection has recorded a trading sales volume of $37 million. During this time, the DMarket NFT trading sales volume has surged +1,000% from the past month.

2. Guild Of Guardians NFT Collection

The Guild of Guardians, a non-fungible token collection from a renowned mobile role-playing game, Guild of Guardians, has been this month’s second most-selling NFT collection in the NFT market. In the past 30 days, the Guild of Guardians NFT collection has amassed a trading sales volume of $13 million. During this time, the Guild of Guardians NFT trading sales volume has fallen 6.65% from the past month.

3. Bitcoin Puppets NFT Collection

Bitcoin Puppets, a non-fungible token collection created on the Bitcoin blockchain network using the popular Ordinal protocol, has been this month’s third most-selling NFT collection in the NFT market. In the past 30 days, the Bitcoin Puppets NFT collection has amassed a trading sales volume of $10 million. During this period, the volume of Bitcoin Puppets NFT trading sales increased 72% from the past month.

4. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, a non-fungible token collection created and managed by the digital asset firm Yuga Labs, featuring a limited set of 10,000 NFTs hosted on the Ethereum blockchain network, has been this month’s fourth most-selling NFT collection. In the past 30 days, the Bored Ape Yacht Club NFT collection has amassed a trading sales volume of $10 million. Its NFT sales volume has surged by 46% this month from the past month.

5. CryptoPunks NFT Collection

CryptoPunks, another non-fungible token collection previously created by the digital asset firm Larva Labs but now managed by the digital asset firm Yuga Labs., has been this month’s second most-selling NFT collection. In the past 30 days, the Punks NFT collections, which feature a fixed set of 10,000 NFTs hosted on the Ethereum blockchain network, have recorded a trading sales volume of $9.9 million. The Punk NFT trading sales have plunged by 40% from the past month.

6. DogeZuki NFT Collection

DogeZuki, a non-fungible token collection featuring a fixed supply of 2,800 Solana-based NFTs made up of hand-drawn traits in Azuki style, has been this month’s sixth most-selling NFT collection in the NFT market. In the past 30 days, the DogeZuki NFT collection has raised a trading sales volume of $9.6 million. The DogeZuki NFT sales volume has flipped by 3.78% from the past month.

7. Froganas NFT Collection

Froganas, a non-fungible token collection from the digital asset Tee with a limited set of 5,555 humanoid frog NFTs hosted on the Solana blockchain network, is this month’s seventh most-selling NFT collection in the NFT market. In the past 30 days, the Froganas NFT collection has recorded a trading sales volume of $9.5 million. Froganas NFT sale volume has surged +300% from the past month.

8. Sorare NFT Collection

Sorare, a non-fungible token collection from the Sorare, an NFT-based game with the elements of fantasy football, featuring 337,000 non-fungible tokens launched on the Ethereum blockchain network, is this month’s eighth most-selling NFT collection in the NFT market. In the past seven days, the Sorare NFT collection has recorded a trading sales volume of $8.1 million. Sorare NFT sales volume has plunged by 11.89% from the past month.

9. NodeMonkes NFT Collection

NodeMonkes, a non-fungible token featuring a limited edition of 10,000 unique Bitcoin-powered NFTs leveraging the ordinal protocol, has been this month’s nith most-selling NFT collection. In the past 30 days, the NodeMonkes NFT collection has attracted a trading sales volume of $7.7 million. During this time, the NodeMonkes NFT trading sales volume has plunged by 18.37% from the past month.

10. Ordinal Maxi Biz NFT Collection

Ordinal Maxi Biz, a non-fungible token collection featuring a limited set of 2,100 hand-drawn sketches by artist Tony Tafuro hosted on the Bitcoin blockchain network, has been this month’s tenth most-selling NFT collection. In the past 30 days, the Ordinal Maxi Biz NFT collection has recorded a trading sales volume of $7.3 million, closing our ten top-selling NFT collections in October 2024.

Top NFT Collectible Sales In The Past 30 Days

Uncategorized Ordinal was the most expensive NFT collection sold in October 2024, selling for nearly $4.5 million fifteen days ago. Bored Ape Yacht Club #7,940 was the second most expensive NFT collection sold in October, selling for $1.43 million nineteen days ago. kNFT: Locked kUSDT #1501 was the third most expensive NFT collection in the NFT market, selling for $343,310 twenty-five days ago.

The NFT Market Prediction For November 2024

The NFT market surge in October indicates the market’s upward trajectory. This NFT growth is also a testament to the evolving nature of the market and the persistent interest in digital collectibles and art. Therefore, the NFT market is predicted to maintain relevance and possibly retest some surge in the coming weeks or months. Statista projected the NFT revenue to reach $2.4 billion in 2024.