NFTs Show Resilience as Sales Stay Strong Despite Market Decline
Despite the drop in their popularity, NFTs still show 3.62 billion dollars in sales in 2025. Since 2017, they have accumulated 71.55 billion, with the majority on Ethereum. After the 2021-2022 boom followed by the 2023 slowdown, the market has stabilized. Less speculative, NFTs are now anchored in more concrete digital uses.
In brief
- In 2025, NFTs already total 3.62 billion dollars despite the post-2022 slowdown.
- Ethereum still dominates, while Solana and Bitcoin confirm their rising influence in the ecosystem.
- Less speculative, NFTs now move towards concrete uses, strengthening their foothold in Web3.
Ethereum leads, Solana and Bitcoin in ambush
No surprise, Ethereum dominates the scene. With more than 46 billion dollars in actual sales, despite the shadow of wash trading (nearly 34.6 billion identified), it remains the backbone of the ecosystem. Its position confirms creators and investors’ preference for its liquidity and market depth.
Behind, Solana continues to chart its path. Its 6.43 billion in authentic sales illustrate the emergence of an alternative ecosystem, appreciated for its speed and low fees. Bitcoin , meanwhile, surprises: its 5.56 billion come almost entirely from the last two years, revealing the late but powerful rise of NFTs on the first blockchain.
This diversity shows it is no longer an isolated phenomenon. Each blockchain brings its style, communities and niches, drawing a fragmented but lively market.
Toward a maturity of the NFT market
The time of record volumes driven by speculation seems over. Today, NFTs find their place in concrete uses: gaming, digital identity, tokenized tickets, or even institutionalized digital art. The case of Axie Infinity on Ronin, which generated 4.29 billion dollars in sales with almost no wash trading, illustrates this transition towards healthier models.
For 2025, the figures speak for themselves : reaching the 2024 level would require a notable acceleration, and surpassing the historic peak of 2022 seems out of reach. Yet, the real battle no longer plays only on amounts, but on the legitimacy and integration of NFTs in the digital economy.
The coming years will tell if NFTs establish themselves, despite the fall of ether on the market , or as essential building blocks of Web3. One thing is certain: despite the shocks, the sector has not said its last word.
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
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
