- Decline in NFT trading volumes continues, as volumes hit $823M.
- Major platforms maintain operations amidst industry challenges.
- Experts express skepticism about short-term NFT recovery prospects.
NFT trading volumes saw a continued decline, dropping to $823 million in Q2 2025, a significant decrease from $4 billion in Q2 2024, signaling ongoing market turbulence.
The declining volumes mark the fifth consecutive quarter of downtrend, impacting key industry players like OpenSea and Blur. Skepticism continues as major platforms and investors reassess the NFT landscape’s viability.
NFT Trading Volumes Plunge Amidst Market Downturn
The NFT market continues its downturn as trading volumes in Q2 2025 decreased to $823 million. This marks a significant drop from $4 billion the previous year. The sector’s major players, including OpenSea and Blur, have yet to respond publicly to these figures. Despite their influential roles, their official channels have not provided commentary on this prolonged slump.
Market conditions are changing, with a noticeable 78% increase in the number of NFT sales, mainly attributed to falling average prices. Lower-value transactions became more prevalent as collectors showed caution in high-value investments. Ethereum’s on-chain activity decreased, with volumes now under $5 million daily, compared to $200 million during 2021’s peak.
NFTs effectively “died” in 2021, urging investors to move on and focus on the current bull cycle… 3/4 of the opportunity has already been missed.
Historical Context and Future of NFT Market
Did you know? NFT trading volumes peaked in late 2021 but have been declining since. The boom’s end parallels past trends, such as the plunge after CryptoKitties in 2018, indicating cyclical market behavior.
Ethereum’s price currently sits at $2,565.80 with a market cap of $309.73 billion. Trading saw a 15.69% change within the last 24 hours. Over the past 90 days, ETH prices increased by 71.56%, echoing broader market patterns. The data, retrieved from CoinMarketCap, is updated as of July 8, 2025.
The Coincu research team posits that future scenarios may hinge on regulatory clarity and technological advancements. Momentum in related markets, such as domain NFTs and DeFi, could provide fresh avenues for growth, although skepticism remains prevalent within the industry.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/347540-nft-market-decline-q2-2025/