The NFT market continues to decline, as evidenced by decreasing trading volumes in March 2025.
NFT Market Decline
According to cryptoslam.io, the global NFT market recorded a trading volume of $419 million in March 2025, down 43% from the previous month. Ethereum witnessed the highest trading volume at $127 million, marking a decline of 58% from last month. Bitcoin was the second most-traded with $71 million, falling 32%. Polygon and Solana were third and fourth, with declines of 41% and 10%, respectively.
Top NFT Sales in March 2025
The Courtyard collection on Polygon led March sales with a trading volume of $54 million, increasing by 48%. DMarket followed with $41 million, up by 2.22%. Next was CryptoPunks with $19 million, a 37.91% increase from the prior month.
Most Expensive NFTs Sold in March
CryptoPunks #4464 was the most expensive NFT sold in March, priced at $2.1 million. Uncategorized Ordinal was second, sold for $1.3 million. The Courtyard collection was third, sold for $964,964.
The NFT market is experiencing a downturn in trading volumes, but some collections, like Courtyard and CryptoPunks, show positive trends.
