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The non-fungible token (NFT) marketplace expanded successful full supply, but saw importantly little income successful 2025 compared to the erstwhile years.
CryptoSlam information shows that the full fig of NFTs successful circulation climbed to much than 1.34 cardinal this year, marking a 25% summation from the 1 cardinal proviso successful 2024. The expanding proviso happened successful parallel with falling NFT sales.
According to CryptoSlam data, NFT income reached astir $5.63 cardinal successful 2025, down by astir 37% from the $8.9 cardinal recorded past year. Average merchantability prices besides declined year-on-year, slipping to $96 from $124.
The divergence highlights a marketplace wherever proviso maturation outpaced demand. While creators continued minting caller NFT pieces and platforms lowered introduction barriers, purchaser information and spending failed to support up, stretching liquidity crossed a overmuch larger fig of assets.
NFT sales, buyers, and sellers chart. Source: CryptoSlamNFT proviso expanded from 38 cardinal to 1.3 cardinal successful 4 years
The full fig of NFTs minted and entered circulation grew steadily each twelvemonth arsenic minting tools became cheaper and easier to usage crossed large blockchains.
CryptoSlam information shows that proviso roseate from 38 cardinal NFTs successful 2021 to implicit 106 cardinal successful 2022, earlier accelerating sharply successful the pursuing years arsenic creators scaled up production. By 2023, full NFT proviso had already surpassed 550 cardinal tokens earlier astir doubling successful 2024 to 1 billion.
At the clip of writing, NFT proviso stood astatine 1.34 cardinal tokens, representing a 35-fold increase, oregon astir 3,400% growth, implicit the past 4 years.
While proviso expanded quickly, the market’s quality to sorb caller NFTs weakened. Total NFT income peaked successful 2022 and trended little since.
NFT income measurement from 2021 to 2025. Source: CryptoSlamPricing information reinforced the shift. Average NFT merchantability worth dropped beneath $100 successful 2025, down from $124 successful 2024. It's besides acold beneath the implicit $400 averages seen during the 2021 and 2022 boom.
The operation of rising supply, little full sales, and shrinking summons sizes suggests that NFTs are progressively becoming a high-volume, low-price market, wherever contention for purchaser attraction volition beryllium much intense.
Related: NFTs shifted to inferior and civilization arsenic terms faded successful 2025
NFT marketplace capitalization continued to compress aft its 2022 peak
The NFT sector’s full capitalization has steadily declined since reaching a highest of astir $17 cardinal successful April 2022, reflecting the unwinding of speculative excess from the erstwhile cycle.
Total NFT marketplace headdress chart. Source: CoinGeckoAfter a partial betterment to astir $10.8 cardinal successful December 2024 and holding to astir $9.2 cardinal successful January 2025, marketplace capitalization slid further passim this year, closing 2025 astatine astir $2.4 billion.
The downward inclination highlights however little prices and thinner liquidity persisted arsenic wide NFT proviso continues to expand.
Magazine: Pranksy: Inside the anonymous beingness of an NFT fable — NFT Collector
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