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NFT Sales Show Resilience Despite Market Correction in Early 2025
Global sales of non-fungible tokens (NFTs) reached approximately $2.82 billion in the first half of 2025, reflecting a modest 4.61% decline from the $2.96 billion recorded in the second half of 2024.
According to data from CryptoSlam, the NFT market saw a strong surge in Q1 2025, with sales peaking at $1.59 billion, before easing in Q2 to $1.24 billion. The momentum was especially notable in January, which posted the highest monthly sales at $679 million. However, by June, sales had declined to $388 million, signaling a continued downtrend throughout the second quarter.
CryptoSlam tracks both primary and secondary NFT sales across multiple blockchains. Primary sales refer to the initial sale of an NFT directly from its creator (often after minting), while secondary sales involve the resale of NFTs among collectors or investors.
In terms of overall market activity, transaction volume and average sale price per NFT remained relatively stable in the first half of 2025. Monthly transactions hovered between 4 million and 6 million, and the average NFT sale ranged between $80 and $100.
DappRadar Highlights Declining Trading Volumes, Yet Rising Sales Counts
A separate analysis from DappRadar also shows a consistent decline in NFT trading volumes throughout 2024 and into 2025. The second quarter of 2025 saw volumes drop to $823 million, a 45% decrease from the $1.5 billion recorded in the previous quarter.
However, there was a positive twist—NFT sales counts experienced a notable rise. In Q2 2025, a total of 12.5 million NFT transactions were recorded, representing a 78% increase from the previous quarter. This is a significant rebound, especially after four consecutive quarters of declining sales counts.
While DappRadar measures the total trading value of NFTs on marketplaces and dApps, its sales count refers specifically to the number of NFT transactions, regardless of dollar value.
Market Correction Seen as a Step Toward Sustainability
Experts interpret this decline in volume through a more optimistic lens. Aubrey Terrazas, VP of Marketing at NFT marketplace Rarible, told Cointelegraph that these lower figures indicate a more stable and healthier market.
“We’re seeing the NFT landscape shift from hype-driven speculation to meaningful, utility-based projects rooted in community,” Terrazas commented. “Even though prices are adjusting, creativity and innovation remain strong.”
Terrazas also pointed out that the combination of higher transaction volume and lower average prices suggests improved affordability and increased participation, factors driven by multichain integration and the growth of new blockchain ecosystems.
In her view, this evolution marks a turning point in the NFT industry from frenzied hype cycles to a more mature and resilient digital economy.
