After months of regular decline, non-fungible tokens (NFTs) recorded a 15% enhance in gross sales in Might, signaling early indicators of a market restoration. The rise within the variety of patrons and the decline in sellers are seen as encouraging indicators for the NFT area.
In accordance with information from CryptoSlam, NFT gross sales reached $430 million in Might, up from $373 million in April. This marks the primary month-to-month enhance in 2025, following a five-month downturn because the peak of over $900 million in December 2024.
CryptoSlam additionally reported that Might noticed the very best variety of transactions in 2025, with 5.5 million transactions recorded.
Extra Consumers, Fewer Sellers within the NFT Market
The rise in NFT gross sales seems to be linked to the rising hole between distinctive NFT patrons and NFT sellers. Whereas the variety of patrons continued to rise in Might, the variety of sellers declined.
Might witnessed a pointy enhance in distinctive patrons. The variety of customers buying NFTs grew by 50%, from roughly 622,000 in April to over 936,000 in Might. That is the very best variety of patrons since October 2024, indicating elevated investor participation.
In the meantime, the variety of distinctive NFT sellers continued to fall, dropping to round 284,600 — the bottom determine recorded on the CryptoSlam platform since April 2021.
This divergence between rising purchaser curiosity and declining vendor exercise could create room for extra aggressive gives and probably result in greater valuations within the NFT area.
NFTs Put together for a Comeback in 2025
CryptoSlam strategist Yehudah Petscher acknowledged that the market is gearing up for a rebound however is displaying a extra cautious outlook in comparison with earlier highs.
“The NFT market will probably see a return shortly after Bitcoin reaches its cycle peak,” Petscher stated, suggesting that momentum in digital collectibles will comply with broader crypto market developments.
Regardless of the rising optimism, Petscher warned in a remark to Cointelegraph that this rebound could not resemble the hype cycles of 2021 or 2022:
“Don’t count on a repeat of the 21/22 NFT frenzy.”
In parallel, DappRadar analyst Sara Gherghelas famous in her Might 27 report that new catalysts are wanted for a full restoration of the sector. She pointed to real-world belongings (RWA) tied to NFTs as a possible driver to revive the NFT lending market.
RWA-linked NFTs had already proven promise earlier within the 12 months. In April, digital collectibles on the RWA market Courtyard helped drive Polygon-based NFT gross sales to $22.3 million, permitting the blockchain to surpass Ethereum in weekly NFT gross sales.
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