NFT Sales Drop 36% in October as Market Slows, But Buyer Interest Shows Signs of Hope 🚀
October #NFT sales continued to decline, falling 36% to $361 million after a steep September drop. Ethereum-based NFTs led with $120 million, followed by Bitcoin and Solana, which saw lower but substantial sales.
Mythos’ Dmarket defied the trend, #surging by over 3,000% to $37.1 million in sales, while notable collections like Guild of Guardians and Bitcoin Puppets saw mixed performance. Despite declining transaction volumes, a rise in the number of buyers suggests possible market stabilization.
October’s most #expensive NFT sale was an Uncategorized Ordinal at $4.55 million. Overall, cautious optimism remains as buyer activity increases, hinting at potential resilience in the market.
What do you think? 🤔
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