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The 2024 NXT Heatwave was an event produced by the WWE. This was the third annual Heatwave produced by the company for its developmental brand NXT, and 10th Heatwave overall. It took place on Sunday, July 7, 2024, at the Scotiabank Arena in Toronto, Ontario, Canada as part of Money in the Bank weekend. Unlike the prior two years, which were held as television specials, the 2024 event aired via WWE's livestreaming platforms, marking NXT's first livestreaming event to be held in Canada since NXT TakeOver: Toronto in 2019.

Heatwave was originally the name of events produced by Extreme Championship Wrestling (ECW) that took place annually from 1994 to 2000. The 1997 event was an Internet pay-per-view (iPPV), while the 1998 to 2000 iterations of Heatwave aired on traditional pay-per-view (PPV). ECW folded in 2001, and WWE acquired the assets of ECW in 2003. In 2022, WWE revived the event for its developmental brand NXT as an annual television special of the NXT program.

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