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NFT Sales Jump 18% as Solana’s Lifetime Volume Approaches $6B

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.

Disclaimer: Nothing in this article, or any content from Web30 News, should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves risks, and investors should be aware that capital is at risk and returns are never guaranteed. Please conduct thorough research and consult with a qualified financial advisor before making any investment decision.

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