Despite skepticism towards the Non-fungible Token industry due to reduced speculation, its performance in 2024 still marked the third highest annual revenue on record.

The broader non-fungible token (NFT) market has exceeded expectations after surpassing last year's revenue milestone.

According to data collected by CryptoSlam, with less than a week to go before the end of 2024, this year's Non-fungible Token sales have reached $8,717,920,832, about $230,000 higher than the total in 2023.

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Last year, the industry recorded over 91.55 million transactions, bringing in $8.71 billion per CryptoSlam. However, in 2024, the total transaction volume dropped significantly to only 70.89 million transactions.

However, the increase in the number of independent buyers and sellers helps to balance the scales, with a total of 7.5 million buyers and 4 million sellers. This is the highest recorded number since 2017, with the closest being 3.8 million sellers last year and 5.4 million buyers in 2022.