NFT sales hit $2.8B in first half of 2025 as trading volume tanks

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Global non-fungible token income volumes reached $2.82 cardinal successful the archetypal fractional of 2025, showing a tiny alteration of 4.61% from the $2.96 cardinal successful income recorded successful the 2nd fractional of 2024.

CryptoSlam information shows that contempt the drop, the marketplace surged successful the archetypal 4th of the twelvemonth with $1.59 cardinal successful sales, earlier cooling disconnected successful the 2nd 4th with $1.24 billion. January was the strongest month, signaling income volumes of $679 million.

In June, CryptoSlam information showed that income dropped to $388 million, reflecting a broader downward trajectory done the 2nd 4th of 2025.

CryptoSlam’s income measurement information measures superior and secondary income of NFTs betwixt wallets crossed assorted blockchains. Primary income are the archetypal clip an NFT is sold, usually minted and sold straight by the creator. Secondary income notation to the resale of NFTs aft their archetypal mint.

Transaction enactment and mean NFT income values remained comparatively unchangeable successful the archetypal fractional of the year. CryptoSlam shows that the fig of monthly transactions successful H1 2025 ranged from 4 cardinal to six million, portion the mean worth of an NFT merchantability ranged from $80 to $100.

DappRadar information shows a accordant quarterly trading measurement diminution

According to a study from DappRadar, NFT trading volumes and income counts decreased passim 2024 — a inclination that has continued successful 2025. In the 2nd 4th of the year, trading volumes reached $823 million, a 45% driblet compared to the erstwhile quarter’s $1.5 billion.

Despite the driblet successful trading volumes, NFT income counts showed signs of beingness successful the 2nd 4th of 2025.

DappRadar’s trading measurement information measures the full worth of transactions crossed trading platforms oregon decentralized applications. Its income number information refers to the fig of idiosyncratic NFT income transactions.

While income counts dropped successful the past 4 quarters, Q2 2025 broke the trend, signaling a 12.5 cardinal NFT income number contempt little trading volumes. This represents a 78% summation successful income counts compared to the erstwhile quarter.

DappRadar said that this means that adjacent though NFTs are becoming much affordable, involvement successful integer collectibles has not disappeared yet.

Lower volumes bespeak a “healthier” market

However, Aubrey Terrazas, vice president of selling astatine NFT level Rarible, told Cointelegraph the little volumes are a motion of a healthier, much sustainable market.

“We’re moving past axenic speculation into existent inferior and community-driven projects,” Terrazas said. “Prices person normalized, but involvement and innovation stay strong.”

Terrazas added that higher income counts and little dollar volumes bespeak increasing accessibility and affordability, fueled by multichain maturation and the emergence of caller ecosystems.

According to Terrazas, this is simply a motion that the marketplace is moving past its erstwhile hype cycles into a much mature phase.

“Demand for integer assets is inactive strong, and we’re seeing NFTs powerfulness existent go-to-market strategies for partners to physique loyal communities and unlock caller gross streams.”

Snoop Dogg’s Telegram NFTs merchantability retired successful 30 minutes

Interest successful NFTs whitethorn beryllium cooling successful immoderate areas, but standout launches proceed to make buzz. American rapper Snoop Dogg sold retired astir a cardinal NFTs connected Telegram successful 30 minutes connected Wednesday, signaling that involvement successful the abstraction remains.

The caller integer acquisition postulation of 996,000 NFTs connected the TON blockchain generated $12 cardinal successful sales, according to Telegram laminitis Pavel Durov.

TON’s NFT lead, who goes by the username Zenith connected X, said Snoop Dogg’s NFT occurrence successful Telegram could spark a “new NFT narrative.”