NFTs have completed 2024 on an upswing, crossing $8.83 billion in gross sales—barely greater than the $8.7 billion recorded final 12 months, primarily based on CryptoSlam knowledge.
Though this marks a modest 1.1% enhance 12 months over 12 months, the market stays beneath the peaks reached in 2021 and 2022, which noticed $15.7 billion and $23.7 billion respectively.
Ethereum and Bitcoin dominated the scene in 2024, every amassing $3.1 billion in NFT gross sales, adopted by Solana at $1.4 billion. Over their complete historical past, Ethereum-based NFTs nonetheless lead the pack with $44.9 billion in gross sales, whereas Solana and Bitcoin declare $6.1 billion and $4.9 billion, respectively.
NFT buying and selling remained sluggish for a lot of the 12 months till a notable resurgence within the remaining quarter. October witnessed an 18% soar from September’s lows, and momentum continued into November and December. By December, month-to-month gross sales topped $877 million, buoyed by Ethereum-based collections surpassing $482 million.
Pudgy Penguins led the cost with $115 million, whereas Azuki, LilPudgys, CryptoPunks, Doodles, and Bored Ape Yacht Membership collectively added one other $141 million. In the meantime, Bitcoin NFTs accounted for $172 million in December, with Solana notching $100 million.
Regardless of present figures lagging behind earlier highs, some trade leaders predict that, because the broader crypto market expands, NFTs may finally see month-to-month gross sales operating into the billions.
