Data: NFT sales reached $8.83 billion in 2024, a year-on-year increase of 1.1%

ChainCatcher news, according to Cointelegraph, NFTs ended the year with strong momentum, surpassing the sales record for digital collectibles in 2023 by more than $100 million. On December 31, the NFT data tracking platform CryptoSlam showed that blockchain-based digital collectible sales reached $8.83 billion in 2024. This record is over $100 million higher than the NFT sales in 2023, which were approximately $8.7 billion. This marks a year-on-year growth of 1.1% in NFT sales.

Ethereum remains the highest-selling blockchain in NFT history, reaching $44.9 billion. Solana follows closely with sales of $6.1 billion, while total sales of Bitcoin-based NFTs amount to $4.9 billion.

In December, NFT sales were $877 million, making it the fifth-best performing month of 2024. The sales growth in December was attributed to an increase in Ethereum series NFT sales, with monthly NFT sales on that blockchain reaching $482 million. Bitcoin-based NFT sales were $172 million, while Solana-based NFTs had sales of $100 million in December.

Despite the increase in NFT sales, this year's figures are still far below the sales from 2021 to 2022. In 2021, NFTs ended the year with sales of $15.7 billion, which is 43.9% higher than the record in 2024. In 2022, NFT sales were $23.7 billion, which is 62.8% higher than this year's record.