NFT sales rise by 18% in October after a seven-month decline
NFT sales rise by 18% in October after a seven-month decline
The NFT market is showing signs of recovery after seven months of decline. Following a rough September, which saw NFT sales drop to $300 million, the lowest since 2021, October marked a turnaround.
According to CryptoSlam, total NFT sales in October rose by 18% to $356 million. Transaction volume also surged, increasing by 42% to $7.2 million compared to $5.1 million in September, reflecting renewed interest in digital collectibles.
The first week of October was particularly strong, with NFT sales reaching $84 million. Top collections for the month included DMarket on Mythos Chain, leading with $33 million in sales, and Guild of Guardians Heroes on Immutable, which saw $13 million in sales.
Best collections
Notable performances were also seen in Bitcoin and Ethereum-based NFTs, such as Bitcoin Puppets, Bored Ape Yacht Club, and CryptoPunks.
Solana-based NFTs also gained traction, generating $25 million in sales throughout October. Popular collections across all networks included DogeZuki, Froganas, and Retardio Cousins, which ranked among the top ten in overall sales.
As previously reported, Aurelien Michel, the French creator behind the "Mutant Ape Planet" NFT project, has avoided jail time despite defrauding investors of millions.
