- NFT sales volume reached $2.8 billion in the first half of 2025
- The amount is 4.6% lower than the sales volume in the second half of 2024
- The sales volume was higher in the first quarter compared to the second quarter
The NFT sales volume reached $2.8 billion in the first half of 2025, with the first quarter recording a higher volume compared to the second quarter. The sales volume hit $1.59 in Q1 before dropping to $1.24 in Q2, with January recording the highest monthly volume in the past six months. Data shows that the NFT market has generally been in a downward trajectory, with June sales volume dropping to $388 million, a phenomenon that’s likely to continue throughout the year as collectors go for cheaper collectibles.
$2.9 Billion From 28 Million Transactions
According to data from CryptoSlam, the NFT sales volume so far this year is $2.9 billion from 28 million transactions. The NFT space has attracted 1.6 million unique sellers and 3.1 million buyers this year.
Monthly NFT transactions ranged between four and six million, with NFTs’ average price oscillating between $80 and $100. The average price is significantly lower than the $419 recorded during the 2022 NFT boom.
Declining Volumes Started in 2024
A recent DappRadar report indicated that declining NFT trading volumes started in 2024. The report noted that the volume has been on a steady decline since Q2 2024, when it reached $4 billion.
In Q3, the volume plummeted further to $1.6 billion, followed by $2 billion in Q4, $1.5 billion in Q1 2025, and $823 million in Q2 2025. DappRadar noted that the NFT sales count has been on the rise despite declining volumes, signaling an appetite for cheaper NFTs.
With the NFT trading volume declining and sales count rising, NFT projects may be shifting from the hype to offering value and building loyal communities.
