NFT Trading Volume Plummets to $823 Million in Q2 2025

• Lyla Velez
• July 9, 2025
• NFT
• 0 Comments

NFT trading volumes dropped significantly in the second quarter of 2025, falling from $4 billion last year to $823 million, with data reported by DappRadar.

Rising transaction counts in the NFT market coincide with plummeting values, indicating adjustments in blockchain use and investor confidence.

DappRadar reports show a dramatic decline in NFT trading volume, marking a significant decrease from $4 billion in the previous year. This decline has been largely observed across Ethereum-based assets such as blue-chip NFTs. The decrease continues a period of reduced trading activity over five consecutive quarters.

Key players and market dynamics show limited public commentary, though blockchain reshuffling and growth in niche areas such as the TON blockchain hint at new directions. Established networks encounter high transaction costs that deter existing participants.

Notably, more transactions at lower prices gain traction, signaling attempts to onboard new participants despite market downturns. Price drops are affecting major collections while sectoral shifts and DeFi interest grow. Regulatory and thought leaders have yet to navigate this evolving environment with new policies or coordinated guidance.

“Historically, market adjustments have heralded innovation in blockchain technology and governance mechanisms.” – DappRadar

Potential regulatory responses or technological adaptations could emerge if current pressures persist. Stakeholders may leverage current conditions for strategic advancements, considering historical data from the industry’s speculative peaks.