NFT Sales Fall 48% In September 2024

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregation platform designed to offer transparency for NFT collectibles across multiple blockchains and backed by prominent crypto billionaire Mark Cuban, shows that the global non-fungible token market has fallen again in sales volume this month.

The non-fungible token market, which was once buzzing in 2021, has seen a drastic downturn in the past three years, leaving a sour taste among critics. After recording a month-over-month decline, the global NFT market has been likened to an economic bubble or a Ponzi scheme. In yet another month, the NFT market has seen a negative gain, with its trading sales volume dropping over 40% from the past month.

NFT Sales Fall 48% In September 2024

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregation platform designed to offer transparency for NFT collectibles across multiple blockchains and backed by prominent crypto billionaire Mark Cuban, shows that the global non-fungible token market has fallen again in sales volume this month. In the past 30 days, the global NFT market has attracted a trading sales volume of $316 million, representing a 48% decrease from the past month.

In September 2024, the number of investors who bought non-fungible token collections decreased. In the past 30 days, the global NFT market has seen 785,974 crypto traders buy NFTs. Unfortunately, this figure has reduced by 34% this month from the previous month. During this period, the number of investors who sold their NFTs has also reduced. These trading activities have pushed the global NFT market transactions above 5.4 million.

Ethereum, the blockchain network renowned in the NFT market for powering the majority of blue-chip non-fungible token collections, has retained the global NFT market dominance this month. In the past 30 days, the Ethereum-based NFT collections have amassed a trading sales volume of $107 million. During this time, Ethereum NFT sales have plunged by 48% from the past month.

Bitcoin, the blockchain network powering the flagship crypto “Bitcoin” and renowned in the global NFT market for hosting Runes, Ordinals, and BRC-20 NFTs, has slightly revived again, becoming the second most-traded blockchain network in the NFT ecosystem. In the past 30 days, the Bitcoin-based NFT collections have raised a trading sales volume of $63 million. The Bitcoin NFT sales volume has plunged 33% this month from the past month.

Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, has been the third most-traded blockchain network in the NFT market in September 2024. In the past 30 days, the Solana-based NFT collections have amassed a trading sales volume of $61 million. During this time, the Solana NFT trading sales have plunged 41% from the past week.

Polygon, the popular Ethereum scaling solution blockchain network, has suffered a shot in sales, becoming the fourth most-traded blockchain network in the NFT ecosystem in September 2024. In the past 30 days, the Polygon-based non-fungible token collections have attracted a trading sales volume of $26 million. During this time, the Polygon NFT sales volume has reduced by 68% from the past month.

BNB Chain, a decentralized blockchain network introduced by Binance, one of the largest cryptocurrency exchanges in terms of daily crypto trading volume, is this month’s fifth most-traded blockchain network in the NFT market. In the past 30 days, the BNB Chain-based NFTs have garnered a trading sales volume of $14 million, closing our five most-traded blockchain networks in September 2024.BNB Chain NFT sales volume has plunged by 72% from the past month.

Top Selling NFTs In September 2024

1. CryptoPunks NFT Collection

Punks, a non-fungible token collection featuring a limited edition of 10,000 pixilated Ethereum-based NFTs previously created by Larva Labs and now managed by Bored Ape NFT creator Yuga Labs, has been the most-selling NFT collection. In the past seven days, the CryptoPunks NFT collection has recorded a trading sales volume of $16 million. During this period, CryptoPunks NFT sales volume has plunged 12% from the past month.

2. Guild Of Guardians NFT Collection

The Guild of Guardians, a non-fungible token collection from Guild of Guardians, a renowned role-playing NFT game that allows players to take teams of heroes through challenging dungeons to collect redeemable resources, has been the second most-selling NFT collection in September 2024. In the past 30 days, the Guild of Guardians has amassed a trading sales volume of $13 million. During this time, the Guild of Guardians NFT trading sales have plunged by 5% from the past month.

3. DogeZuki NFT Collection

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