NFT sales hit $2.8B in first half of 2025 as trading volume tanks
Global non-fungible token sales volumes reached $2.82 billion in the first half of 2025, showing a small decrease of 4.61% from the $2.96 billion in sales recorded in the second half of 2024.
CryptoSlam data shows that despite the drop, the market surged in the first quarter of the year with $1.59 billion in sales, before cooling off in the second quarter with $1.24 billion. January was the strongest month, recording sales volumes of $679 million.
In June, CryptoSlam data showed that sales dropped to $388 million, reflecting a broader downward trajectory through the second quarter of 2025.
CryptoSlam’s sales volume data measures primary and secondary sales of NFTs between wallets across various blockchains. Primary sales are the first time an NFT is sold, usually minted and sold directly by the creator. Secondary sales refer to the resale of NFTs after their initial mint.
Transaction activity and average NFT sales values remained relatively stable in the first half of the year. CryptoSlam shows that the number of monthly transactions in H1 2025 ranged from four million to six million, while the average value of an NFT sale ranged from $80 to $100.
DappRadar data shows a consistent quarterly trading volume decline
According to a report from DappRadar, NFT trading volumes and sales counts decreased throughout 2024 — a trend that has continued in 2025. In the second quarter of the year, trading volumes reached $823 million, a 45% drop compared to the previous quarter’s $1.5 billion.
Despite the drop in trading volumes, NFT sales counts showed signs of life in the second quarter of 2025.
DappRadar’s trading volume data measures the total value of transactions across trading platforms or decentralized applications. Its sales count data refers to the number of individual NFT sales transactions.
While sales counts dropped in the last four quarters, Q2 2025 broke the trend, recording a 12.5 million NFT sales count despite lower trading volumes. This represents a 78% increase in sales counts compared to the previous quarter.
DappRadar said that this means that even though NFTs are becoming more affordable, interest in digital collectibles has not disappeared yet.
NFT trading volume and sales count from Q2 2024 to Q2 2025. Source: DappRadar
Lower volumes reflect a “healthier” market
However, Aubrey Terrazas, vice president of marketing at NFT platform Rarible, told Cointelegraph the lower volumes are a sign of a healthier, more sustainable market.
“We’re moving past pure speculation into real utility and community-driven projects,” Terrazas said. “Prices have normalized, but interest and innovation remain strong.”
Terrazas added that higher sales counts and lower dollar volumes reflect growing accessibility and affordability, fueled by multichain growth and the rise of new ecosystems.
According to Terrazas, this is a sign that the market is moving past its previous hype cycles into a more mature phase.
“Demand for digital assets is still strong, and we’re seeing NFTs power real go-to-market strategies for partners to build loyal communities and unlock new revenue streams.”
Snoop Dogg’s Telegram NFTs sell out in 30 minutes
Interest in NFTs may be cooling in some areas, but standout launches continue to generate buzz. American rapper Snoop Dogg sold out almost a million NFTs on Telegram in 30 minutes on Wednesday, signaling that interest in the space remains.
The new digital gift collection of 996,000 NFTs on the TON blockchain generated $12 million in sales, according to Telegram founder Pavel Durov.
TON’s NFT lead, who goes by the username Zenith on X, said Snoop Dogg’s NFT success in Telegram could spark a “new NFT narrative.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Overnight US stock market crash: A reflexivity storm triggered by a $100 billion “early exit”
A wave of $100 billion in mechanical selling pressure triggered a "head start" on Wall Street, but these early moves by smart money instead accelerated the sell-off: the Nasdaq fell 6.4% in a single day, semiconductors plunged 12%, and the “best of the year” AI and energy barbell trades collapsed within 48 hours. Even more dangerously, lagging selling pressure is still on its way. This reflexive storm demonstrates that when everyone knows the same script and acts on it simultaneously, the script itself stops working.
U.S. stocks plunge amid midterm election turbulence! Wall Street's bullish expectations dashed, short-term selling pressure may be hard to ease
For weeks, major Wall Street trading institutions have been saying that stock market gains would resume after the US midterm elections. However, Thursday's market performance brought a dramatic reversal to this prediction.
Bernstein Comments on Datadog (DDOG.US) Q3 Financial Report: Strong Performance but Guidance "Not Surprising", Lowers AI Business Revenue Expectations
Bernstein lowered Datadog's target price from $350 to $273, but maintained its "outperform" rating.
S&P evaporates 2.8 trillion in a single day, BTIG warns: This is not the bottom, the real sell-off has just begun
BTIG Chief Technical Strategist Krinsky warns that yesterday's sharp decline in the US stock market is not the bottom, but just the beginning. Nearly 70% of S&P 500 components are still trading above their 200-day moving average, and elevated breadth indicators suggest that the sell-off is far from over. If "defensive sectors" such as healthcare and consumer staples start to fall as well, the real "generals and soldiers falling together" will occur, and the S&P may head straight for 7000 points.
Crypto prices
More
