NFT sales surge 18% as all-time volume on Solana nears $6B

The NFT market saw a promising resurgence in October 2024, with sales volumes jumping 18% from the previous month, reaching $356 million. This uptick breaks a seven-month decline in NFT sales, as the market has struggled since its peak earlier in the year. A significant contributor to the growth was an increase in transaction volume, with October witnessing 7.2 million transactions—a 42% rise from September's five million.

Weekly sales volumes in early October also reached a new high, with the first week alone generating over $84 million. Mythos Chain’s DMarket led with $33 million in sales over the month, followed by Immutable’s Guild of Guardians Heroes at $13 million. Bitcoin and Ethereum collections like Bitcoin Puppets, Bored Ape Yacht Club, and CryptoPunks also maintained strong performances.

Solana-based NFTs, including popular collections like DogeZuki, Froganas, and Retardio Cousins, amassed $67 million in October, accounting for 19% of the month’s total NFT volume. This boost brought Solana’s all-time NFT sales volume to nearly $6 billion, solidifying its position as the second-largest blockchain for NFTs after Ethereum. The October rebound in NFT sales reflects growing interest in digital collectibles, with Solana NFTs in particular enjoying robust market activity.

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