The NFT Market Isn’t Dead, It’s Just Cheaper: Sales Count Surges 78% in Q2 2025

The NFT market reached $2.82 billion in sales in the first half of 2025, showing continued activity even as the market itself is changing.

Latest from CryptoSlam and DappRadar points to a market experiencing general changes, marked by sustained transaction levels and a growing trend toward lower-priced, community-driven purchases. The total sales figure is down slightly from the $2.96 billion seen in the last half of 2024.

The first quarter of 2025 started strong, with $1.59 billion in NFT sales. January alone accounted for $679 million of that total. Sales slowed down in the second quarter to $1.24 billion, with June having the lowest monthly figure of $388 million.

Despite this slowdown in dollar value, the number of transactions remained consistent across major blockchains, with 4 million to 6 million sales per month, according to CryptoSlam.

The average sale price also held steady, fluctuating between $80 and $100 per transaction during the six-month period. This stability shows the market has shifted from wild speculation to more deliberate buying at lower prices.

DappRadar that NFT trading volumes declined in the second quarter, totaling $823 million, down 45% from the first quarter’s $1.5 billion. This drop aligns with a general trend observed throughout 2024 and into early 2025.

Q2, marking a massive 78% increase

CryptoSlam’s dataset tracks both primary and secondary sales across wallets and blockchains. Primary sales include NFTs sold directly by creators, while secondary sales involve resale activity.