Between 2021 and 2023, the IPv4 market was a roller coaster ride – prices shot up in 2021, peaked in 2022, and plummeted in 2023. Those who expected a recovery in 2024 were sadly disappointed. Prices for IP addresses continued to decline, leveling out during the second half of the year. And yet, market activity remained remarkably unaffected – a sign, perhaps, that the market is settling into a new normal.