NFT sales plunge 40% in April as market activity slows
The non-fungible token (NFT) market experienced a sharp downturn in April, with global sales volume dropping by nearly 40% compared to the previous month.
Data shows that NFT sales totaled approximately $389 million for April, down from $419 million in March, reflecting a 39.8% decline.
The number of buyers in the NFT space fell by 48.46%, while sellers dropped by 39.05%, signaling reduced participation on both sides of the market.
Transaction activity also slowed significantly, with the total number of NFT transactions tumbling by 54.12% month-over-month.
Ethereum (CRYPTO:ETH) remained the top blockchain for NFT sales, recording over $109 million in trading volume, but this represented a 44% decrease from March.
Polygon followed with $72 million in sales, down 43%, while Bitcoin-based (CRYPTO:BTC) NFTs generated $63 million, a 26% decline from the previous month.
Despite the overall market drop, some collections showed resilience.
The Courtyard NFT collection on Polygon (CRYPTO:MATIC) was the most traded in April, with $65 million in sales, marking an 18% increase.
DMarket, which features in-game virtual items, ranked second, while Ethereum’s Cryptopunks secured third place with $18.22 million in sales.
The highest-priced NFT sale in April was Cryptopunk #3100, which sold for $6.04 million.
Other notable sales included an Uncategorized Ordinal for $558,755 and a gUSDC locked deposit NFT on Arbitrum (CRYPTO:ARB) for around $500,000.
While the NFT sector has faced significant declines in 2025, certain collections and blockchains continue to attract interest, even as overall market sentiment remains cautious.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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