On November 2, CryptoSlam data showed that NFT transaction volume reached $356 million in October 2024, an 18% increase from the previous year, snapping seven consecutive months of decline. There was also an increase in the total number of NFT transactions, which totaled 7.2 million in October, up 42 percent from 5 million in September.
In addition to the increase in monthly volume, NFT's weekly trading volume also rose in October, with CryptoSlam data showing that weekly NFT sales between September 30 and October 6 hit their highest level since August, topping out at $84 million. (Cointelegraph)