NFT trading volumes continue to decline, falling to $823 million in Q2 2025. This significant decrease from $4 billion in the same period of 2024 indicates ongoing market instability.
Decline in NFT Trading Volumes
In Q2 2025, NFT trading volumes hit $823 million, a significant drop from $4 billion in Q2 2024. This decline marks the fifth consecutive quarter of downturn and impacts key industry players like OpenSea and Blur. So far, major platforms have not publicly commented on these figures.
Historical Context and Future of the NFT Market
NFT trading volumes peaked in late 2021, but have been on a decline since then. The end of the boom mirrors past trends, such as the drop following CryptoKitties in 2018. Currently, Ethereum is priced at $2,565.80 with a market cap of $309.73 billion, experiencing a 15.69% change in the last 24 hours, and a 71.56% increase over the past 90 days.
Skepticism Regarding Market Recovery
According to the Coincu research team, the future of NFTs may hinge on regulatory clarity and technological advancements. Meanwhile, many experts express skepticism about the short-term recovery prospects for the NFT market. Platforms like Ethereum remain relevant, but the overall picture requires deeper analysis to understand future trends.
The current NFT trading volumes indicate that the market is in a phase of reevaluation and reassessment. The decline suggests a need for careful analysis of future trends and growth opportunities.
