• bitcoinBitcoin(BTC)$117,926.00-1.36%
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  • dogecoinDogecoin(DOGE)$0.235461-11.33%
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  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$3,798.08-4.41%
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  • Wrapped eETHWrapped eETH(WEETH)$3,831.59-3.17%
  • bitcoin-cashBitcoin Cash(BCH)$506.13-2.49%
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  • flokiFLOKI(FLOKI)$0.000130-10.61%
  • optimismOptimism(OP)$0.69-12.81%
  • bitcoinBitcoin(BTC)$117,926.00-1.36%
  • ethereumEthereum(ETH)$3,581.93-3.28%
  • rippleXRP(XRP)$3.13-11.21%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$761.70-1.86%
  • solanaSolana(SOL)$185.82-7.38%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.235461-11.33%
  • staked-etherLido Staked Ether(STETH)$3,575.47-3.16%
  • tronTRON(TRX)$0.306351-2.39%
  • cardanoCardano(ADA)$0.81-9.32%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$117,568.00-1.48%
  • HyperliquidHyperliquid(HYPE)$43.30-3.18%
  • Wrapped stETHWrapped stETH(WSTETH)$4,290.62-3.86%
  • stellarStellar(XLM)$0.420106-10.50%
  • suiSui(SUI)$3.66-7.64%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$3,798.08-4.41%
  • hedera-hashgraphHedera(HBAR)$0.244131-9.88%
  • Wrapped eETHWrapped eETH(WEETH)$3,831.59-3.17%
  • bitcoin-cashBitcoin Cash(BCH)$506.13-2.49%
  • avalanche-2Avalanche(AVAX)$23.70-6.29%
  • litecoinLitecoin(LTC)$111.35-5.55%
  • leo-tokenLEO Token(LEO)$8.96-0.17%
  • shiba-inuShiba Inu(SHIB)$0.000014-10.00%
  • WETHWETH(WETH)$3,586.11-3.23%
  • the-open-networkToncoin(TON)$3.16-5.63%
  • USDSUSDS(USDS)$1.000.01%
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  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.39%
  • whitebitWhiteBIT Coin(WBT)$43.86-2.17%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$118,007.00-1.35%
  • polkadotPolkadot(DOT)$4.09-8.37%
  • uniswapUniswap(UNI)$10.02-5.71%
  • moneroMonero(XMR)$311.28-1.94%
  • bitget-tokenBitget Token(BGB)$4.66-2.96%
  • pepePepe(PEPE)$0.000013-8.99%
  • aaveAave(AAVE)$287.27-5.97%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.18-0.03%
  • BittensorBittensor(TAO)$421.08-4.88%
  • crypto-com-chainCronos(CRO)$0.119502-4.08%
  • daiDai(DAI)$1.00-0.03%
  • Pi NetworkPi Network(PI)$0.449987-7.49%
  • ethereum-classicEthereum Classic(ETC)$22.13-7.23%
  • nearNEAR Protocol(NEAR)$2.73-7.96%
  • OndoOndo(ONDO)$1.01-6.20%
  • aptosAptos(APT)$4.82-10.47%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$227.83-6.63%
  • internet-computerInternet Computer(ICP)$5.56-8.17%
  • okbOKB(OKB)$48.45-0.09%
  • EthenaEthena(ENA)$0.452744-8.82%
  • kaspaKaspa(KAS)$0.103125-8.28%
  • mantleMantle(MNT)$0.80-2.95%
  • bonkBonk(BONK)$0.000034-5.40%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.041101-1.77%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • algorandAlgorand(ALGO)$0.265473-9.41%
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  • flare-networksFlare(FLR)$0.022599-1.72%
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  • nexoNEXO(NEXO)$1.31-2.17%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.00%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$3,836.80-4.13%
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  • blockstackStacks(STX)$0.79-9.99%
  • flokiFLOKI(FLOKI)$0.000130-10.61%
  • optimismOptimism(OP)$0.69-12.81%

Surge in Unique Buyers and Transactions Signals Renewed Investor Interest

The non-fungible token (NFT) market showed its first signs of recovery in 2025, with May marking a significant reversal in the downward sales trend seen since the start of the year. According to data from CryptoSlam, NFT sales rose to $430 million in May, a 15% increase from April’s $373 million. This marks the first monthly growth since December 2024, when sales peaked at over $900 million.

The rebound also comes with the highest number of NFT transactions recorded this year, reaching 5.5 million. Industry analysts suggest that renewed buyer interest, combined with a drop in seller participation, could be a driving factor behind the market’s upswing.

Surge in Unique Buyers Signals Renewed Demand

May witnessed a dramatic 50% increase in the number of unique NFT buyers, rising from 622,000 in April to over 936,000. This is the largest buyer count since October 2024 and suggests growing investor confidence in the NFT space.

CryptoSlam data on NFT buyers and sellers.
CryptoSlam data on NFT buyers and sellers.

In contrast, the number of unique sellers continued to fall, dropping to around 284,600, the lowest figure recorded by CryptoSlam since April 2021. This divergence between growing buyer demand and shrinking seller supply may lead to more competitive bidding in the market and potentially higher valuations for digital assets.

Signs of a Market Comeback

Commenting on the trend, CryptoSlam strategist Yehudah Petscher said the NFT market appears to be heading for a rebound, although with more tempered expectations than in previous years.

“The NFT market will see a bounce back this year, probably just after BTC sees its top of the cycle,” Petscher noted, suggesting that NFT momentum may once again follow broader cryptocurrency trends.

However, he cautioned against expecting a repeat of the NFT boom seen in 2021 and 2022. “Don’t expect a repeat of the 21/22 euphoria that we saw in NFTs,” he added.

RWA Integration Offers Fresh Potential

Analysts believe that new innovations may be key to sustaining the recovery. In a recent report published on May 27, DappRadar analyst Sara Gherghelas highlighted the potential for real-world asset (RWA) integration with NFTs. According to Gherghelas, such developments could revitalise the digital lending sector and offer new use cases for NFTs beyond collectibles and art.

CryptoSlam data on NFT monthly sales.
CryptoSlam data on NFT monthly sales.

Evidence of this trend is already emerging. In April, the RWA-focused NFT marketplace Courtyard contributed significantly to Polygon-based NFT sales, driving figures to $22.3 million. This surge allowed Polygon to surpass Ethereum in weekly sales, a notable shift in blockchain dominance.

A Cautious but Optimistic Outlook

While May’s numbers have injected optimism into the NFT space, industry experts remain cautious. The overall sales figures still fall short of last year’s highs, and a sustained recovery may depend on the broader performance of the crypto market, as well as innovation within the NFT ecosystem.

Nonetheless, the rise in unique buyers and transaction volume in May points to a renewed interest that could stabilise and eventually rejuvenate the NFT market in 2025.

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