NFTs Are Back: DappRadar Reports Record 18 Million Sales in 2025’s Biggest Market Comeback
The non-fungible token (NFT) market is witnessing a robust rebound in exercise this 12 months, as gross sales quantity has reached ranges unseen since 2022, in line with a brand new report from DappRadar.
While general buying and selling volumes stay comparatively subdued attributable to decrease common costs, the variety of transactions has surged sharply all through 2025.
From Slump to Surge
In the primary quarter, 7 million NFT gross sales have been recorded, rising to 12.5 million in the second quarter. The momentum accelerated additional in Q3, with over 18.1 million NFTs bought, representing a forty five% leap from the earlier quarter, and producing $1.6 billion in buying and selling quantity.
Despite this surge in transaction counts, DappRadar said that precise person adoption stays modest. The variety of distinctive wallets buying and selling NFTs rose from 1.66 million in Q1 to 2.14 million in Q3, a relatively smaller enhance than the spike in gross sales. This implies that particular person wallets are buying and selling extra NFTs on common, leaping from roughly 4.2 per pockets in Q1 to eight.4 in Q3, which signifies that present individuals have gotten extra lively moderately than new customers coming into the market.
Among NFT classes, gaming has been the notable laggard. DappRadar reported a 17% drop in buying and selling quantity and a steep 32% decline in the variety of gaming-related NFT transactions over the previous quarter.
On the opposite hand, the sports activities NFT sector has seen a powerful revival, as buying and selling quantity of this cohort was up by 337% to $71 million whereas gross sales depend soared 143% to 4.1 million. The surge is basically attributed to Sorare, the fantasy sports activities platform providing digital collectibles throughout soccer, basketball, and baseball. The platform’s success, buoyed by the launch of recent sports activities seasons, has helped offset weak spot in different sectors.
Airdrops and OG NFTs
The current uptick will also be linked to strategic campaigns and revived curiosity in older initiatives. A significant contributor has been OpenSea’s marketing campaign forward of its anticipated token launch, which rewarded lively merchants and incentivized frequent transactions. This initiative inspired customers to commerce lower-value NFTs to qualify for rewards and boosted the platform’s general exercise.
As a outcome, OpenSea’s gross sales depend climbed 29% in Q3 to 9.27 million property bought.
Simultaneously, profile image (PFP) collections have regained prominence, led by blue-chip initiatives like CryptoPunks, Bored Ape Yacht Club (BAYC), Moonbirds, and Pudgy Penguins. Trading quantity for PFPs rose 187% quarter over quarter to $544 million, amidst renewed collector confidence.
Adding to the resurgence, Yuga Labs streamlined its portfolio to deal with BAYC, Mutant Ape Yacht Club (MAYC), and Otherside throughout the identical interval. Meanwhile, Moonbirds, now below Orange Cap Games, has emerged as Q3’s standout revival, recording 8,311 NFT gross sales price $88 million, owing to the recent momentum constructing round its upcoming BIRB token launch on Solana.
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