NFT Market Status – May 17, 2025

Sales Volume: In April 2025, the sales volume of NFTs decreased by 16.3%, reaching its lowest level in four years in terms of unique buyers. This decline reflects weaker demand despite the overall strong performance of cryptocurrencies.

Blockchain Performance:

Ethereum: Remains the leading blockchain for NFTs, but recorded a 42.7% decline in sales.

Polygon: Climbed to second place thanks to the rise of tokenized collectibles from Courtyard.

Growing Collections: Some NFT collections, such as Bored Ape Yacht Club and Mutant Ape, defied the general trend by recording approximately 40% growth in sales.

Marketplace Platforms: The decline in trading volume has allowed OpenSea to regain its leadership position, attracting 2.1 million active wallets in the last quarter, while competitors like Magic Eden have expanded through acquisitions.

Market Evolution: The NFT market is evolving beyond digital art, encompassing areas such as gaming, real estate, and intellectual property. This diversification attracts a broader audience and increases the utility of NFTs across various industries.