NFTs continue to surge in 2024, hitting $8.8 billion in sales. December stood out with $877 million, showcasing the growing interest and investment in digital assets.
In December, the NFT market reached a weekly sales volume of $187 million, with Ethereum leading. The trend has been rising since October, according to CryptoSlam data.
NFT trading on Ethereum has increased by 52.77%, reaching a volume of $1.884 billion, indicating a significant market rebound.
NFT sales increased by 57.8% in November, reaching $562 million, driven by growing interest in digital collectibles.
NFT weekly sales increased by 94%, reaching $181 million, driven by a general crypto market rally. Data from CryptoSlam highlights this surge in sales ending November 17th.
BAYC #7940, a unique NFT from the "Bored Ape" collection, sold for 588 ETH, equivalent to over $1.4 million, according to COINOTAG and Cryptoslam data.
NFT sales have fallen to their lowest monthly volume since 2021, with transactions dropping from 7.3 million in August to 4.9 million in September, according to CryptoSlam.
NFT sales fell drastically to $374 million in August 2024, marking a 76% decline from $1.6 billion in March 2024, according to Cryptoslam.
NFT sales are predicted to reach their lowest monthly levels since November 2023, with July recording $393 million in total volume according to CryptoSlam data insights.
The NFT market is facing a significant downturn with sales volumes hitting their lowest since November 2023. July's total volume was $393 million, with daily sales dropping below $14 million.
Arbitrum's native token ARB sees a price surge ahead of Ethereum ETF launches, with network activity and TVL increasing significantly.
Apollo Crypto's investment chief links a 44% drop in NFT sales in Q2 to memecoin hype and market downturn.
Solana-based NFTs have seen a 30% increase in sales volume over the last 24 hours, according to CryptoSlam's data, despite a recent decline in the general NFT market.
CryptoSlam founder Randy Wasinger aims to address Web3 fragmentation with the new SlamNet ecosystem.
