NFT sales surged in October, recording a total of $356 million, marking an 18% increase from September and breaking a seven-month decline in digital collectible sales.
After a peak of $1.6 billion in March, NFT sales steadily decreased through September, when sales hit their lowest since 2021. October, however, brought a brief turnaround with increased activity.
NFTs Rebound with $356 Million Sales in October
According to CryptoSlam data, NFT sales had dropped to around $300 million in September, a 20% dip from August. But October saw a monthly recovery, reaching $356 million in sales volume. Additionally, total NFT transactions rose to 7.2 million, a 42% increase from the five million transactions recorded in September.
The rise continued weekly, with October’s first week showing the strongest sales since August, topping $84 million. DMarket, an NFT collection on Mythos Chain, led the month with $33 million in sales. Following closely was Guild of Guardians Heroes on Immutable, with $13 million in volume. Collections based on Bitcoin and Ethereum, such as Bitcoin Puppets, Bored Ape Yacht Club, and CryptoPunks, also performed well throughout the month.
Summary Review: NFTs made a comeback in October, increasing in both sales volume and transaction count, marking a break in the seven-month decline. Collections like DMarket and Guild of Guardians Heroes led the charge, while prominent collections on Bitcoin and Ethereum showed continued strength.
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