NFT Market Signals Revival as Transactions Surge in 2025
The NFT market is not dead. According to on-chain data, NFT transaction count has increased, and the market could be preparing for a new cycle.
The NFT market has experienced a notable cooling in sales volumes. According to CryptoSlam data, NFT sales went up by $2.83 billion. Data from DappRadar indicates that NFT trading volumes have dropped, which means that NFT projects have still been receiving attention.
CryptoSlam measures primary and secondary NFT sales data across millions of wallets spanning multiple blockchains. Primary NFT sales are usually minted and sold by the creator to a collector. Secondary NFT sales refer to the resale of the first sale of an NFT collectible.
Trading Volumes & Sales Numbers Have Shifted
While the market surged, DappRadar’s data shows NFT trading volumes have declined throughout 2024. Trading volume dropped from $1.5 billion to $823 million. However, the NFT sales count increased rapidly. Despite low trading volumes, Q2 sales broke a four-quarter downward trend and recorded a staggering 12.5 million NFT transactions. The transaction count is an impressive 78% higher than the last quarter.
NFT Market Reviving in 2025
Crypto market experts view these shifts as a positive sign for the NFT segment’s revival. Vice President of Marketing at Rarible NFT marketplace, Aubrey Terrazas, said that lowering volumes signal a “healthier, more sustainable market.”
“We’re moving past pure speculation into real utility and community-driven projects,” she added. “Prices have normalized, but interest and innovation remain strong.”
Aubrey Terrazas emphasized the importance of high transaction count and lower dollar volumes, reflecting increased accessibility and affordability of NFTs. This combination means the market is maturing at a rapid pace.
“Demand for digital assets is still strong, and we’re seeing NFTs power real go-to-market strategies for partners to build loyal communities and unlock new revenue streams,” she emphasized.
Rapper Snoop Dogg’s Telegram NFTs Sold In Record Time
NFT launches are back! Rapper Snoop Dogg sold out ~1 million NFTs in 30 minutes. According to the founder of Telegram, Pavel Durov, the digital gift collection of 996,000 NFTs generated $12 million in sales.
The NFT lead at TON, Zenith, said on X that Snoop Dogg’s successful NFT collection launch signals that “TON could spark a new narrative.”