NFTs Experience Rebound in October, Recording $356 Million in Sales
In October, the NFT market experienced a significant turnaround, ending a seven-month decline with an 18% increase in sales volume.
After peaking at $1.6 billion in March, NFT sales had been in a steady decline, culminating in September’s low point, which marked the weakest monthly volume since 2021.
Recent data from CryptoSlam reveals that October’s NFT sales volume reached $356 million, recovering from approximately $300 million in September—a 20% drop from August’s figures. This rebound marks the first upward movement in monthly sales for digital collectibles in several months.
In addition to the rise in sales volume, the total number of NFT transactions also surged. October saw about 7.2 million transactions, representing a 42% increase from the five million transactions recorded in September. Notably, the first week of October displayed particularly robust sales, with weekly NFT volumes exceeding $84 million, the highest since August.
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Among the leading collections, DMarket, based on the Mythos Chain, topped the sales charts with $33 million, followed by the Immutable-based Guild of Guardians Heroes at $13 million. Popular collections on Bitcoin and Ethereum, including Bored Ape Yacht Club, CryptoPunks, and Bitcoin Puppets, also showed strong performance throughout the month.
In addition to the prominent Ethereum and Bitcoin collections, Solana-based NFTs also made a significant impact. Several Solana collections, including DogeZuki, Froganas, and Retardio Cousins, collectively achieved nearly $25 million in sales, contributing to an overall Solana sales volume of $67 million for October, which accounts for 19% of the total NFT market. This brings Solana’s all-time NFT sales close to $6 billion, solidifying its position as the second-largest blockchain for NFT transactions.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
