Total NFT transaction volume reached $356 million in October, up 18% from September

BlockBeats reported that on November 2, CryptoSlam data showed that NFT transaction volume in September 2024 was only about $300 million, down 20% from the record in August. However, despite the continued decline in monthly NFT sales in 2024, monthly NFT sales saw a brief rebound in October.

In October 2024, total NFT transaction volume reached $356 million, up 18% month-on-month. The surge in NFT sales broke the seven-month decline in monthly sales of digital collectibles.

In addition, the number of NFT transactions has also increased, with 7.2 million NFT transactions in October, up 42% from 5 million in September. In addition to the monthly increase in trading volume, weekly NFT trading volume also hit a new high in October. According to CryptoSlam, between September 30 and October 6, weekly NFT sales hit their highest level since August, peaking at $84 million.