NFT trading volumes dropped dramatically by 80% to 823 million USD in Q2 2025, compared to 4 billion USD in Q2 2024. This is the lowest performance since the peak in 2022 when the market exceeded 50 billion USD.
Despite the decline in trading values, the number of NFT sales surged by 78%, suggesting reduced prices. Monthly NFT traders increased by 20%, indicating a renewed interest in various motivations behind trading.
The NFT lending market saw a staggering 97% decrease, dropping to 50 million USD from nearly 1 billion USD. Major platforms like Bybit and LG Electronics exited the market, while OpenSea remained the top NFT marketplace.
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