NFT Sales Fall From $1.6B In Q1 2025, To $1.3B In Q2 2025

Despite suffering high volatility and intense competition from the crypto and meme coin market, the non-fungible token market has continued to showcase strong resilience. In 2025, the NFT market has evolved beyond its initial hype, focusing on practical applications like gaming, digital identity, and real-world asset tokenization. In response to this market maturity, the NFT market has recorded a trading sales volume of over $1.34 billion in Q2, 2025.

NFT Market Records $1.34 Billion In Q2 2025

Data compiled by cryptoslam, a renowned on-chain crypto market data aggregator and a non-fungible token explorer, indicates that the NFT market has showcased a strong market resilience in Q2, 2025. In the past three months, the NFT market has raised a trading sales volume of $1.34 billion, achieved through a significant increase in trading sales volume witnessed in the past two months.

The global non-fungible token market entered the new year 2025 sound and healthy after gaining momentum from the NFT market bull rally, which kicked off in November 2024. Unfortunately, the NFT hype did not fuel the NFT market for long, and so it faded mid-month. In response to the NFT market cooling off, the global NFT market raised a trading sales volume of $697 million, down 24% from $901 million in December 2024. At the time, industry experts termed the decline as a healthy correction.

The non-fungible token market began developing notable cracks in February after trading sales fell again. In February, the NFT market recorded a trading sales volume of $476 million, down 29% from January 2025. In March 2025, the global non-fungible token market suffered another blow, with its trading sales volume flipping to $477 million, down around $44 million from the previous month.

The recent NFT market decline in Q1 2025 was associated with the crypto market downturn that was fueled by the escalating trade war at the time. Earlier this year, Donald Trump, the United States President, enacted a series of steep protective tariffs affecting nearly all goods imported into the United States. From January to April 2025, the average effective US tariff rate rose from 2.5% to an estimated 27%, the highest level in over a century. Trump later reduced those tariffs.

NFT Trading Sales In Q2, 2025

Even though non-fungible token collections entered Q2 2025 down in sales, they gradually started showing signs of recovery, with trading volume and buyer activity slightly increasing. In April 2025, the NFT market raised a trading sales volume of $377 million, down by $56 million. This negative market performance was also associated with the Trump global impact from his strict tariffs.

The NFT market began turning healthy in May after tokenized real-world assets started gaining massive traction among NFT traders. RWA (Real-World Asset) NFTs have been gaining traction because they offer a way to tokenize and trade ownership of physical assets, like real estate or art, on a blockchain. This process enhances liquidity, enables fractional ownership, and increases accessibility for investors. In response to massive RWA NFT adoption, the NFT market raised a trading sale of $476 million, up 30% from the previous month.

In June 2025, the NFT market received another huge market boost after Immutable-based NFTs started making headlines in the NFT sector. In the past several weeks, several Immutable NFTs, including the Guild of Guardian Avatar and Guild of Guardians Heroes, have been skyrocketing in trading sales volume. This short market hype has pushed the global NFT trading sales volume to $492 million in June.

Top NFT Marketplaces In Q2, 2025

OpenSea, one of the world’s largest digital market platforms for non-fungible tokens and crypto collectibles, has been the most-traded NFT marketplace in Q2 2025. In the past 90 days, the NFT marketplace has recorded a trading sales volume of $300 million, taking 43% of the total market share. During this time, the Ethereum NFTs took the lion’s share, raising 75% of the trading sales volume on OpenSea.

Source: Tiexo.com, Five top NFT marketplaces in Q2 2025

Blur, a renowned non-fungible token marketplace and aggregator platform offering advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT tracking, has been the second leading NFT marketplace in Q2 2025. In the past 90 days, the Blur NFT marketplace has amassed a trading sales volume of $159 million, representing 22% of the total market share.

Magic Eden, another leading multi-chain digital market platform supporting non-fungible tokens on Solana, Ethereum, Polygon, Bitcoin, and more, has been the third leading NFT marketplace in Q2, 2025. In the past 90 days, the Magic Eden NFT market platform has amassed a trading sales volume of $117 million. During this time, the Bitcoin NFTs took the largest share, accumulating 51% of the total trading sales volume.

CryptoPunks, a renowned NFT marketplace dedicated exclusively to the iconic 10,000 pixilated CryptoPunks NFT collection, has been the fourth leading NFT market platform in Q2 2025. In the past 90 days, the CryptoPunks NFT marketplace has recorded a trading sales volume of $60 million, taking 8.71% of the total market share. The Ethereum NFT collection took 100% of the total market share.

Element Market, a decentralized, multi-chain NFT marketplace built on Ethereum, focusing on being a community-driven market and facilitating the NFT creation, discovery, and exchange of NFTs, has been the fifth most traded NFT marketplace in Q2 2025. In the past three months, the NFT market platform has recorded a trading sales volume of $25 million, taking 3.67% of the total market share. The top five NFT marketplaces have amassed a trading sales volume of $697 million.

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