NFT Sales Surge in May 2025 Following Months of Decline: CryptoSlam Reports
Non-fungible tokens (NFTs) experienced a notable rise in sales during May, reversing a trend of steady decline over the months of 2025.
According to data from CryptoSlam, May’s NFT sales reached $430 million, a 15% increase from April’s $373 million. This marks the first monthly sales growth this year, indicating a resurgence of interest in digital collectibles.
This uptick follows a five-month downturn in sales since the volume peaked at over $900 million in December 2024. May also recorded the highest number of transactions in 2025, totaling 5.5 million, according to CryptoSlam.
The increase in sales may be linked to the growing number of unique NFT buyers while sellers are on the decline. In May, the number of NFT buyers continued to rise, contrasting with a decrease in sellers.
NFT sellers decrease, while buyers surge
May saw a significant increase in unique buyers, with the user count rising by 50% to over 936,000, up from approximately 622,000 in April.
These figures indicate the largest buyer base since October 2024, suggesting heightened investor engagement during the month.
However, as buyers rose, the number of unique sellers continued to fall. In May, NFT sellers dropped to around 284,600, marking the lowest recorded number on the CryptoSlam platform since April 2021.
This disparity between increasing buyer interest and decreasing seller activity may pave the way for more competitive bidding, potentially leading to higher valuations.
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NFTs poised for a revival in 2025
CryptoSlam strategist Yehudah Petscher noted that the market is set for recovery, albeit with tempered expectations compared to previous peaks.
“The NFT market is expected to bounce back this year, likely following the peak of BTC,” Petscher told Cointelegraph, indicating that the momentum in digital collectibles will align with broader crypto market trends.
Despite this optimistic outlook, the strategist cautioned against expecting a repeat of the euphoria seen in the NFT space during 2021 and 2022. “Don’t anticipate a resurgence akin to the 21/22 highs,” Petscher stated.
Meanwhile, DappRadar analyst Sara Gherghelas remarked in a report dated May 27 that the sector requires new catalysts for a full recovery. She suggested that real-world assets (RWAs) associated with NFTs could revitalize the lending sector of digital collectibles.
Earlier this year, RWA NFTs demonstrated potential too. In April, digital collections in the RWA marketplace Courtyard propelled Polygon-based NFT sales to $22.3 million, allowing the blockchain to outpace Ethereum in weekly sales.
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