After months of continuous decline in 2025, NFT monthly sales rebounded in May, indicating a resurgence of interest in digital collectibles. Here are the details:
Sales Growth: According to data from CryptoSlam, NFT sales climbed to $430 million in May, up from $373 million in April, representing a 15% increase. This is the first monthly sales increase since the start of the year. Since the trading volume peaked at over $900 million in December 2024, sales had declined for five consecutive months until May.
Transaction Volume and Participant Changes: In May 2025, the NFT trading volume reached 5.5 million, the highest in 2025. The number of NFT buyers continued to increase, surging by 50% from around 622,000 in April to 936,000 in May, the largest number of buyers since October 2024. However, the number of sellers declined. In May, NFT sellers dropped to around 284,600, the lowest since April 2021 recorded on the CryptoSlam platform.
The increase in sales may be attributed to the growing divergence between buyers and sellers. The growing interest of buyers and the shrinking activity of sellers may lead to more competitive bidding, which in turn may lead to higher valuations.
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