By Philip Maina
12 hours agoThu Jan 02 2025 11:47:37
Checking out Time: 2 minutes
- NFTs sales volume neared $9 billion in 2024 exceeding 2023 levels
- Ethereum-based NFTs represented the majority of the volume
- 2024’s sales volume is lower than the 2022 highs
NFTs sales volume reached $8.84 billion in 2024 exceeding 2023 levels of $8.71 billion however much lower than the $23.77 billion tape-recorded in 2022. Ethereum-based NFTs represented the majority of the volume, with Bitcoin and Solana taking 2nd and 3rd locations, respectively. The all-time sales volume stands at a little above $68 billion, signifying ongoing development in the antiques market.
Wash NFT Trading Volume Was Lower in 2024
According to CryptoSlam, the variety of distinct NFT purchasers and sellers in 2024 was the greatest, reaching over 7.5 million and more than 4 million, respectively. To put it into point of view, 2023 had a little over 4.5 million special purchasers and 3.8 million distinct sellers.
In 2022 and 2021, the variety of purchasers and sellers was listed below 6 and 4 million, respectively, regardless of the sales volume reaching $23.77 and $15.70 billion. The variety of deals in 2024 was 71.88 million, lower than the 91.55 million tape-recorded in 2023 however greater than the 56.74 and 34.97 million signed up in 2022 and 2021, respectively.
NFT traders invested approximately $123 per sale, greater than 2023’s $95 however lower than 2021/2022’s over $400. Unlike in the previous 2 years, the volume from wash trades was $2.57 billion in 2024 compared to over $27 billion in 2022 and near $6 billion in 2023.
Axie Infinity, CryptoPunks, and Azuki Lead the Pack
The very first 4 months of 2024 signed up the greatest volumes of the year reaching over $1.2 billion. December was the 5th most efficient month with $888.6 million in volume.
The leading NFT collections by all-time sales volume consist of Axie Infinity, Bored Apes, Cryptopunks, Mutant Apes, Art Blocks, Otherdeed, NBA Top Shot, and Azuki. Antiques in the CryptoPunks collection are amongst NFTs with the greatest price.
With crypto costs anticipated to increase in 2025, the NFT sales volume in 2025 might surpass that of 2024.
