Data provided by the Phoenix Group revealed that DMarket and Guild of Guardians set monthly sales records and demonstrated consistent demand for digital items despite high fluctuations in the market. The market of NFTs remains active, and October 2024 becomes a crucial period for major collections.
DMarket Dominates the Rankings
DMarket claims the lead with $37.29M in sales and 440% monthly growth. DMarket has revealed the potential of its demand with more than 62,000 buyers and more than 1,339,231 transactions. DMarket’s success can also be attributed to the growing linkage between games and blockchain, as players look for particular elements in-game with tangible value.
Guild of Guardians: A Strong Second Place
Second is Guild of Guardians; it earned $13.01M in sales but had a 7.95% monthly decline. However, it was still considered to be one of the largest collections with 10,133 buyers and over 22,056 transactions. Given that Guild of Guardians is a role-playing game dedicated to NFTs, its performance reflects the constant interest in the blockchain gaming sphere.
Bitcoin Puppets and Bored Ape Yacht Club See Major Gains
Bitcoin Puppets and Bored Ape Yacht Club (BAYC) were also fairly popular in October experiencing a significant spike in sales. Bitcoin Puppets had total sales of $10.6M, a 70.11% increase with 563 buyers engaging in 1,249 transactions. Likewise, BAYC generated $10.40M, representing a rise of 45.7%, from 166 investors via 294 transactions.
CryptoPunks Faces a Setback
CryptoPunks, the collection that predates the current format of NFT and is widely regarded as the original model, experienced a monthly sales decline of 38.49%, amounting to $10.15M. Although it was slightly down, it had still been able to record 67 buyers and 126 transactions.
Rising Stars and Notable Performers
Some of the new collections were notably established, such as DogeZuki ($ 9.67M, with a decrease of 3.81%) and Frogana ($ 9.47M, with an increase of 294.62%). Frogana’s rapid increase in a short time indicates that users are interested in meme-based, decentralized social projects. Other established collections such as Sorare ($8.09M, down 12.21%) and NodeMonkes ($7.83M, down 17.25%) proved to be significant market actors as well; headquartered in Brazil, the blockchain-based fantasy sports cards of Sorare offered users continued appeal.
Ordinal Maxi Biz sales reached $7.32M with 33.50% increased while Milady Maker registered $5.36M and had an increase in sales of 135.59%.October shows great activity when it comes to the portfolio of most successful NFTs, featuring both mainstream projects such as DMarket and Guild of Guardians as well as emerging players such as Frogana and Ordinal Maxi Biz. The blend of gaming, art and community-centric themes, therefore remains popular and increases buyer interest in NFTs while the economy fluctuates.
