October Sees Lower NFT Sales Volume With Few Collections Standing Out
After a downtrodden September, non-fungible token (NFT) gross sales dropped additional in October, totaling $361 million—a 36% lower.
NFT Gross sales Fall 36% in October, Totaling $361 Million
NFT gross sales in October didn’t fairly bounce again, exhibiting a 36% decline after September’s 47.9% dip. The month noticed round $361.5 million in gross sales, with Ethereum NFTs holding the lead. Ether-based NFTs introduced in over $120 million, a 34.11% slide from September. Bitcoin NFTs adopted, reaching $69.6 million in gross sales, although this too marked a 27.17% dip. Solana secured the third spot, logging $66.26 million—down 22.94% from September.
October’s NFT gross sales quantity from cryptoslam.io.
October’s main digital collectible was Mythos’ Dmarket, hovering with $37.1 million in gross sales, marking a major 3,186.16% rise from September. In the meantime, Immutable X’s Guild of Guardians recorded $13.17 million, a delicate 5.58% dip. The Bitcoin Puppets NFT assortment grabbed $10.58 million, reflecting a strong 66.78% improve. Wrapping up the highest 5, Bored Ape Yacht Membership (BAYC) introduced in $10.49 million, whereas Cryptopunks adopted intently at $10.18 million.
The priciest NFT sale in October was an Uncategorized Ordinal, which fetched $4.55 million roughly 16 days in the past. Moreover, Ethereum witnessed BAYC #7,940 promote for $1.43 million, a Locked USDT collectible on BNB went for $343,310, and a Polygon Mining Cross introduced in $205,145. October logged about 7.43 million NFT transactions, a 40.55% drop. Sellers rose by 2.23%, and patrons climbed by 26.52%, in line with cryptoslam.io information.
October’s NFT market information factors to a softening curiosity in digital collectibles, with transaction volumes and gross sales persevering with to slip. Nonetheless, purchaser exercise confirmed indicators of cautious optimism, probably signaling a flooring available in the market. Whereas collections like Mythos’ Dmarket skilled notable progress, the market’s general pattern hints at a base of patrons—leaving room for attainable stability if curiosity strengthens throughout platforms and property.
