BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

NFT Market Sees 18% Volume Rebound in October, Breaking Seven-Month Decline

Matoy by Matoy
November 3, 2024
in BREAKING NEWS, CRYPTO, NFT
Reading Time: 2 mins read
2
SHARES
34
VIEWS
Share on XShare in TelegramShare on Reddit
  • NFT sales volume grew by 18% in October 2024, totaling $356 million for the month.
  • Transaction count for NFTs rose 42% in October, reaching 7.2 million compared to September’s five million.
  • Solana NFTs contributed $67 million in sales, nearing a $6 billion all-time volume milestone.

The NFT market experienced a resurgence in October, recording an 18% rise in monthly sales volume. Data from CryptoSlam showed that NFTs amassed $356 million during the month, reversing a decline that had persisted for seven months. This marked a recovery from September’s low, which saw a volume of around $300 million, the lowest since 2021.

Source: CryptoSlam

Increase in Transactions and Weekly Highs

The month of October not only witnessed a boost in overall sales volume but also a significant rise in the number of transactions. Total NFT transactions reached 7.2 million, representing a 42% increase from September’s five million. Between September 30 and October 6, NFT sales exceeded $84 million, marking the highest weekly volume since August.

Mythos Chain-based collection DMarket led with $33 million in sales for the month, followed by the Guild of Guardians Heroes collection on Immutable, which recorded $13 million. Well-known Ethereum and Bitcoin collections, including Bitcoin Puppets, Bored Ape Yacht Club, and CryptoPunks, also demonstrated strong performance.

Solana NFTs Maintain a Strong Presence

Solana-based NFTs, such as DogeZuki, Froganas, and Retardio Cousins, collectively achieved $25 million in sales during October. This pushed Solana’s 30-day sales volume to $67 million, accounting for 19% of the total NFT market volume. Solana’s cumulative sales are approaching $6 billion, solidifying its position as the second-leading blockchain for NFT sales.

The overall increase in October suggests renewed interest in digital collectibles after months of decline, signaling a possible change in momentum for the NFT market.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: NFT
Tweet1ShareShare
Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

DON'T MISS THESE! HOT OFF THE PRESS

From Cleaning to Crypto Whale—CleanCore Makes Bold Dogecoin Move
CRYPTO

From Cleaning to Crypto Whale—CleanCore Makes Bold Dogecoin Move

September 8, 2025
Binance Coin Forecast: Can BNB Rally Beyond $1,000 in the Coming Weeks?
BINANCE BNB

Binance Coin Forecast: Can BNB Rally Beyond $1,000 in the Coming Weeks?

September 8, 2025
SwissBorg Hack: $41M in Solana Stolen via Kiln API—Will Users Be Repaid?
CRYPTO

SwissBorg Hack: $41M in Solana Stolen via Kiln API—Will Users Be Repaid?

September 8, 2025
From $2.70 Support to $3 Breakout: Why Traders Are Watching XRP Closely
CRYPTO

From $2.70 Support to $3 Breakout: Why Traders Are Watching XRP Closely

September 8, 2025
ETH Reclaims $4,100 Support—Why Smart Money Sees a Massive Rally Coming
CRYPTO

ETH Reclaims $4,100 Support—Why Smart Money Sees a Massive Rally Coming

September 8, 2025
Crypto Supercycle Ahead? Tom Lee Forecasts Ethereum $60K and Bitcoin Near $1M
BITCOIN

Crypto Supercycle Ahead? Tom Lee Forecasts Ethereum $60K and Bitcoin Near $1M

September 8, 2025
Load More

Related News

From Cleaning to Crypto Whale—CleanCore Makes Bold Dogecoin Move

From Cleaning to Crypto Whale—CleanCore Makes Bold Dogecoin Move

September 8, 2025
Binance Coin Forecast: Can BNB Rally Beyond $1,000 in the Coming Weeks?

Binance Coin Forecast: Can BNB Rally Beyond $1,000 in the Coming Weeks?

September 8, 2025
SwissBorg Hack: $41M in Solana Stolen via Kiln API—Will Users Be Repaid?

SwissBorg Hack: $41M in Solana Stolen via Kiln API—Will Users Be Repaid?

September 8, 2025
From $2.70 Support to $3 Breakout: Why Traders Are Watching XRP Closely

From $2.70 Support to $3 Breakout: Why Traders Are Watching XRP Closely

September 8, 2025
ETH Reclaims $4,100 Support—Why Smart Money Sees a Massive Rally Coming

ETH Reclaims $4,100 Support—Why Smart Money Sees a Massive Rally Coming

September 8, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews