According to CryptoSlam data, the trading volume of NFTs in September 2024 was only around $300 million, a 20% decrease from the record set in August. However, despite the continuous decline in monthly NFT sales in 2024, there was a brief rebound in monthly NFT sales in October. In October 2024, the total trading volume of NFTs reached $356 million, an increase of 18% compared to the previous month. The surge in NFT sales has broken the seven month consecutive decline in monthly sales of digital collectibles. In addition, the number of NFT transactions has also increased, with 7.2 million transactions in October, a 42% increase from 5 million transactions in September. In addition to an increase in monthly trading volume, NFT's weekly trading volume also reached a new high in October. According to CryptoSlam, the weekly sales of NFTs reached their highest level since August between September 30th and October 6th, with a peak of $84 million. @rdisawycto

Interesting to see the rebound in NFT sales in October 2024 after months of decline. The increase in trading volume and number of transactions signal a positive shift in the market. Exciting to witness this growth in the digital collectibles space!