Non-fungible tokens (NFTs) caught an uptick in gross sales in Might after months of constant decline all through 2025.
Knowledge from CryptoSlam exhibits that Might’s NFT gross sales climbed to $430 million, up from $373 million in April, a 15% enhance. It marks the primary month-to-month gross sales enhance this yr, suggesting renewed curiosity in digital collectibles.
This follows a five-month decline in gross sales since quantity peaked at over $900 million in December 2024. May had the very best variety of transactions in 2025, reaching 5.5 million, based on CryptoSlam.
The gross sales uptick could also be attributed to the divergence between distinctive NFT patrons and NFT sellers. NFT patrons continued to extend in Might, whereas sellers declined.
NFT sellers dwindle, whereas patrons enhance
Might confirmed a major soar in distinctive patrons. The variety of customers shopping for NFTs rose by 50% to over 936,000 in Might, up from round 622,000 in April.
Might’s figures are the biggest purchaser depend since October 2024, hinting at rising investor participation through the month.
Whereas patrons elevated, the variety of distinctive sellers continued to say no. In Might, NFT sellers fell to round 284,600, the bottom quantity recorded on the CryptoSlam platform since April 2021.
The divergence between the rising purchaser curiosity and shrinking vendor exercise might set the stage for extra aggressive bidding, which can result in larger valuations.
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NFTs set for a comeback in 2025
CryptoSlam strategist Yehudah Petscher stated that the market is poised for a rebound, however with a extra tempered outlook than its earlier highs.
“The NFT market will see a bounce again this yr, most likely simply after BTC sees its prime of the cycle,” Petscher advised Cointelegraph, suggesting that the momentum in digital collectibles will comply with broader crypto market developments.
Regardless of the bullish sentiment, the strategist advised Cointelegraph that the NFT comeback won’t be just like the house’s 2021 or 2022 peak. “Don’t anticipate a repeat of the 21/22 euphoria that we noticed in NFTs,” Petscher stated.
In the meantime, DappRadar analyst Sara Gherghelas stated in a Might 27 report that the sector wants new catalysts to totally rebound. The analyst stated real-world belongings (RWAs) linking with NFTs might reignite the lending sector of digital collectibles.
RWA NFTs additionally confirmed potential earlier this yr. In April, digital collections within the RWA market Courtyard drove Polygon-based NFT gross sales to $22.3 million. This allowed the blockchain to surpass Ethereum in weekly gross sales.
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