NFT Trading Volumes Plunge 80% in Q2 2025 Amid Market Shifts

NFT trading volumes collapsed for the fifth consecutive quarter, sinking 80% year-over-year to $823 million as the market continues to retreat from its 2022 peak. The figures mark the sector's weakest performance since the $50 billion frenzy three years ago, according to DappRadar data.

Paradoxically, NFT sales counts surged 78% during the same period - a divergence suggesting dramatic price compression rather than evaporating interest. Monthly active traders actually grew 20% to 668,598, signaling evolving user motivations in the current cycle.

Profile picture NFTs, once the market's darlings, suffered a 72% volume decline. Meanwhile, Real-World Asset NFTs ROSE to become the second-largest category with 29% growth. Gaming NFTs staged a surprising comeback, with Guild of Guardians collections displacing blue-chip projects like CryptoPunks in the top rankings.

The art category revealed similar contradictions - while volumes dropped 51%, sales counts exploded 400%, indicating democratization of access. Domain NFTs also gained traction, fueled by Telegram users adopting anonymous TON blockchain addresses.