04/11/2024 NFT sales surge 18% as all-time volume on Solana nears $6B

NFTs recorded a monthly sales volume of $356 million in October, an 18% increase from the September record low.

NFT sales surge 18% as all-time volume on Solana nears $6B

NFTs recorded a monthly sales volume of $356 million in October, an 18% increase from the September record low.

Non-fungible tokens (NFTs) broke their seven-month downward trend in October as digital collectibles recorded an 18% increase in volume.

Since recording a monthly volume of $1.6 billion in March, its highest in 2024, NFT volumes have been on a downward trajectory.

It continued through September when NFTsreached their lowest monthly volumesince 2021.

NFTs record a $356 million monthly volume in October

CryptoSlam datashowsthat NFTs only had a volume of about $300 million in September 2024, a 20% decrease from August’s record. However, despite continuously getting lower in 2024, NFTs’ monthly sales volume saw a brief recovery in October.

Data

NFT monthly sales volume for 2024. Source: CryptoSlam

In October 2024, NFTs recorded a volume of $356 million, an 18% month-on-month increase. The upward surge in NFT sales breaks the seven-month downturn in monthly sales for digital collectibles.

NFTs also had an increase in total number of transactions. In October, NFT transactions totaled 7.2 million, a 42% increase from September’s five million transactions.

Besides its monthly volume increase, NFT weekly volumesreached a high in October. Between Sept. 30 and Oct. 6, NFTs showed their strongest weekly sales since August, topping out at over $84 million, according to CryptoSlam.

Data

NFT collections with the most sales volume in the last 30 days. Source: CryptoSlam

Mythos Chain-based NFT collection DMarket led the last 30 days in sales volume with $33 million in sales. The collection was followed by the Immutable-based collection Guild of Guardians Heroes, which had a volume of $13 million.

Bitcoin and Ethereum-based collections like Bitcoin Puppets, Bored Ape Yacht Club and CryptoPunks showed strong volumes in October.

Solana’s all-time NFT volume nears $6 billion

Apart from Bitcoin and Ethereum NFTs, Solana-based collectibles are also on the list of the top 10 collections by sales volume in October. Solana NFTs like DogeZuki, Froganas and Retardio Cousins had a combined record of almost $25 million in sales last month.

Data

Blockchains by all-time NFT sales volume. Source: CryptoSlam

Collectively, Solana-based NFTs recorded a 30-day sales volume of $67 million in October, taking up 19% of the overall NFT monthly volume for the month. This brings Solana-based NFTs’ all-time sales volume to almost $6 billion, as it remains the second-ranked blockchain in overall NFT sales.

Arts

https://cointelegraph.com/news/nft-volume-increase-october-2024

Interesting NFTs
Punk #99
Inscription #625
#79026
By OthersideDeployer
Bloody Monkey
Artist notes: straight up side ya head + VERY valuable RED CIRCLE!! WOW.!!
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
LADY MAGDALA’S LOVER
Mystery lover like no other.