Based on DappRadar data, the NFT market faltered during 2024 with sales counts declining 18% from the year before and trading volumes declining 19%. Early Q1 confidence drove $5.3 billion in trade volumes; activity fell drastically by Q3 and dropped to $1.5 billion.
Although overall participation stayed low, a modest increase in Q4 drove volumes back to $2.6 billion.Although individual NFTs were more expensive because to higher bitcoin prices, this did not reflect ongoing interest. The effect was noticed even in blue-chip collections like Mutant Ape Yacht Club (MAYC) and Yuga Labs' Bored Ape Yacht Club (BAYC).
But in an otherwise difficult market, CryptoPunks was a unique bright spot—almost double in USD value and displaying sporadic rebound.It's important to note that as of 10:32 AM on January 15, 2025, Bitcoin (BTC-USD, Financial) is trading at $99,532.66, a 3.22% in growth.
