Weekly Crypto and NFT Market Recap (30 Dec – 5 Jan)
Year-End NFT Market Overview
NFTs concluded 2024 on a relatively high note, reaching a sales volume of $8.83 billion for the year according to CryptoSlam. Though that figure surpasses the $8.7 billion recorded in 2023, it still trails behind the market peaks seen in 2021 and 2022, when total NFT volumes ranged between $15.7 billion and $23.7 billion. Despite lower activity compared to those boom periods, the modest year-on-year growth indicates ongoing demand for digital collectibles even in a cooler macro environment.
Ethereum and Bitcoin competed head-to-head for the leading blockchain position in 2024’s NFT space, both registering $3.1 billion in annual sales. Meanwhile, Solana followed with $1.4 billion, and Ethereum…
