NFT Sales Hit $8.8
Billion in 2024, Despite
Mixed Market Trends
NFTs recorded a total sales volume of $8.8 billion in 2024, marking a slight
increase of $100 million from the previous year.
This 1.1% year-on-year growth reflects both the potential and challenges
within the digital collectibles market.
NFT Sales Show Signs of Recovery Amidst a Challenging Year
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Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum and Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin emerged as the leading blockchains for NFT sales, each
generating $3.1 billion throughout the year. Solana ranked third, recording
$1.4 billion in sales volume.
Cumulatively, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum maintains its dominance with $44.9 billion in all-time
NFT sales. Solana follows with $6.1 billion, while Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin-based NFTs have
amassed $4.9 billion in total sales.
The market faced significant hurdles in 2024, including a seven-month
downturn. September saw the lowest sales volumes since 2021, reflecting
reduced speculative interest and an oversaturated market. Yearly NFT Sales.
Source: CryptoSlam
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However, a rebound began in October, with NFT sales rising to $353 million, an
18% jump from the previous month.
Momentum continued in November, with $562 million in sales, marking a
six-month high. December closed the year on a strong note with $877 million in
sales, its fifth-best month of 2024.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum collections contributed significantly, generating $482 million in
December alone. Monthly NFT Trading Volume from 2023 to 2024. Source: Dune
Market Developments and Setbacks
Prominent collections like Pudgy Penguins led the market, achieving a sales
volume of $115 million. Platforms such as Magic Eden and Pudgy Penguins
introduced their own tokens, signaling innovation in the space.
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Additionally, Mythical Games and FIFA• Объект организация » Организации по алфавиту » Организации на Фи » ФИФА announced FIFA• Объект организация » Организации по алфавиту » Организации на Фи » ФИФА Rivals , a mobile
football• Спорт » Виды спорта » Футбол game incorporating NFTs. The game is potentially scheduled for
release in the summer of 2025.
Despite these advancements, challenges persisted. In November, Kraken shut
down its NFT marketplace to focus on other projects. Users have until February
27, 2025, to withdraw their assets.
Oversaturation also plagued the market. Approximately 98% of NFT collections
saw minimal , or no trading activity, and only 0.2% of NFT drops were
profitable. Most collections lost over 50% of their value within days,
reflecting waning speculative demand.
While the NFT market showed signs of resilience with late-year gains, the
broader challenges highlight a shift away from speculative trading toward more
utility-driven applications.
As platforms innovate and adapt, 2025 will reveal whether NFTs can sustain
growth amid changing investor sentiment.
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