In 2024, the NFT market surpassed previous year’s revenue by approx. 230,000 USD, reaching about 8.72 billion USD. Although total transactions dropped to 70.89 million, unique buyers and sellers grew, peaking since 2017, with 7.5 million buyers and 4 million sellers.
Ethereum dominated NFT sales, generating 495.7 million USD in December. Bitcoin saw buyers rise by over 80%, contrasting with Solana’s 37% buyer decrease. These dynamics reflect the ongoing evolution in the NFT market, offering both opportunities and challenges.
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