The NFT Market Growth 2024 exceeded all expectations, with total sales surpassing the revenue milestone achieved the year before. This is a significant achievement for the market. According to reliable figures provided by CryptoSlam, the sales of non-fungible tokens (NFTs) have reached over $8.72 billion as the year 2024 approaches. This figure represents a significant increase of almost $230 million compared to the total sales obtained in 2023.
NFT Market Trends 2024
CryptoSlam made $8.71 billion from 91.55 million NFTs in 2023. Transactions fell to 70.89 million in 2024. Sales dropped despite customer and supplier changes. Since 2017, 7.5 million and 4 million unique buyers and sellers peaked. They outnumber 2022’s 3.8 million providers and 5.4 million customers despite smaller transaction volumes. After $15.7 billion and $23.7 billion in NFT sales in 2021 and 2022, 2024 exceeded expectations. Market data shows stability. 2K24 sales may surpass 2023 and rank third in NFT history after 2022. Nike’s $50 million RTFKT stopped in 2025, showing NFTs’ limits. Industry expands.
NFT Deals and Growth
In December 2024, the market showed a mixed picture based on more recent trends. On the one hand, worldwide sales rose by 19.43% to $912 million, which shows a strong recovery. On the other hand, the number of new buyers and sellers dropped by almost 28%, showing users were more choosy. This means that even though fewer people are buying and selling in the market, those who are are doing bigger, more valuable deals.
A 59.25% drop in deals compared to the previous month shows that the NFT market is changing. Now, higher-value swaps are driving growth instead of a lot of smaller ones. When it comes to blockchain success, Ethereum still rules the NFT space. In the past month, it has generated $495.7 million in sales. It is still the best blockchain for selling NFTs. Second and third place go to Bitcoin and Solana, with Bitcoin making $191.4 million and Solana making $107 million. Interestingly, the two blockchains had different trends regarding getting buyers.
Last month, the number of buyers on Bitcoin’s NFT market increased by over 80%, but the number of buyers on Solana fell by 37% during the same period. Immutable and Mythos were among the top five blockchains in monthly NFT sales. Immutable’s sales increased by 66.51%, reaching $35 million, while Mythos’s revenue decreased by 36.72%, reaching $25.4 million.
NFT Growth and Resilience
Although challenging, the NFT market is developing and acknowledged. Leading experts say that although 2024 has not witnessed the shocking increase of prior years, the continuing growth and boost in new customers and sellers show that NFTs are becoming more established in the digital economy. The RTFKT project’s cancellation is unfortunate, but experts advise against discarding NFTs. “NFTs have grown beyond their initial hype and have huge potential for digital ownership and decentralized finance,” a blockchain and NFT specialist said. Blockchain gaming and NFT utility are expanding this sector.
Related: Bitcoin DeFi Growth Powers Blockchain Innovation in 2025
Summary
In conclusion, NFT Market Growth 2024 has been a favorable year for the NFT market. Sales were higher than last year, making it the third-best year in the field’s history. There were fewer deals but more unique buyers and sellers, which shows that NFT Market Growth 2024 is becoming more choosy and value-driven.
While Ethereum is still the best blockchain for selling NFTs, Bitcoin is seeing huge growth in the number of people who buy them. Despite facing challenges such as the closure of well-known projects, the NFT market continues to evolve and demonstrate its resilience. This sets it up for future growth and new ideas in digital asset ownership.
