The broader non-fungible token (NFT) market in 2024 exceeded last year's revenue milestone, reaching $8.7 billion. This result demonstrates the sector's resilience despite a decline in transaction numbers.
2024 Key Figures
According to data from CryptoSlam, as of late 2024, NFT sales amount to $8,717,920,832, which is about $230,000 more than last year. Despite a decrease in total transactions to 70.89 million, an increase in unique buyers and sellers has helped balance this discrepancy. The number of buyers reached 7.5 million, and sellers amounted to 4 million, marking the highest figures since 2017.
Monthly Insights Analysis
The last month of the year presented mixed results. Overall sales volumes increased by 19.43% to $912 million, however, the number of unique buyers and sellers fell by nearly 28%. This indicates a more selective market approach to buying and selling, with transactions down 59.25% compared to the previous month.
Blockchain Market Impact
Ethereum remains the leading blockchain for NFT sales, with a volume of $495.7 million in the last 30 days. Bitcoin and Solana occupy the second and third places, generating $191.4 million and $107 million, respectively. Interestingly, buyers on the Bitcoin network increased by over 80%, whereas those on Solana decreased by at least 37%. Immutable and Mythos complete the top five blockchains by monthly NFT sales volume.
Despite various challenges and reduced activity in some projects, the NFT market in 2024 demonstrated robust growth and adaptability. These figures confirm that the NFT space continues to be a significant part of the digital economy.
