NFTs experienced a significant upswing in May 2025, signaling a possible turnaround after several months of declining sales. According to CryptoSlam, NFT sales jumped to $430 million in May, representing a 15% increase compared to April’s $373 million. This marks the first time since December 2024 that monthly sales have risen.
The resurgence was accompanied by a sharp rise in the number of unique buyers, increasing by 50% to reach nearly 936,000 in Mayβan all-time high since October 2024. Meanwhile, the number of sellers dropped significantly, falling below 285,000βthe lowest level since early 2021. Analyst Yehudah Petscher believes this divergence sets the stage for competitive bidding and potentially higher prices.
Additionally, there were signs of innovation within the NFT ecosystem. Real-world asset-backed NFTs demonstrated their potential when they boosted Polygon-based NFT sales to $22.3 million in April, temporarily outperforming Ethereum.
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