NFT Trading Volume Drops to $823M in Q2 2025

NFT trading volume experienced a drastic decline in Q2 2025, plummeting to $823 million from $4 billion in the previous year’s same quarter.

The steep drop in NFT trading emphasizes a shift in valuation and market focus, driven by declining blue-chip collections and the rising popularity of gaming NFTs.

Market Shifts in NFT Trading

NFT trading volume dropped substantially in Q2 2025, declining by 80% compared to Q2 2024. Blue-chip collections like Bored Ape Yacht Club saw sharp declines, whereas an increased focus on gaming NFTs led the market.

Blockchain and Technology Innovations

Ethereum remains the central blockchain for NFT transactions, even as trading dynamics evolve. New leadership in domains is emerging through innovations on the TON blockchain. Gaming and RWA NFTs outperform legacy projects, indicating a market shift.

Sales and Market Participation

NFT sales saw a noteworthy increase of 78% despite falling values per transaction, marking a move towards broader market participation. Community discussions now prioritize gaming and utility NFTs over collectibles, signaling a change in market sentiment.

Lack of Public Commentary

No major founders or project leads have commented publicly on the trading drop. As the market pivots, attention shifts to financial and technological innovations that could reshape NFT participation and utility. The market may experience further adjustments as the impacts of these trends unfold.

As of now, there are no notable quotes from key players or leadership concerning the NFT market drop in Q2 2025. Current reports highlight significant shifts in the market, including an 80% drop in trading volume and the rise of gaming and real-world asset NFTs, but no public statements from founders or industry leaders have been identified in the sources checked.