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After five consecutive months of decline, NFT sales volume recorded its first monthly increase in May 2025, reaching 【$430 million】—a 15% jump from April's $373 million. CryptoSlam data reveals this marks the strongest performance since December 2024's $900 million peak, with transaction counts hitting 【5.5 million】, the highest this year.
The recovery stems from a striking divergence: while unique NFT buyers surged 【50%】 to 936,000 (up from 622,000), sellers dwindled to 284,600—the lowest since April 2021. This supply-demand imbalance could trigger competitive bidding wars, potentially driving up asset valuations. ——The shrinking seller pool creates rare opportunities for collectors—— noted market observers.
CryptoSlam strategist Yehudah Petscher predicts a tempered rebound tied to Bitcoin's cycle: "Expect momentum post-BTC peak, but not 2021-level euphoria." Meanwhile, DappRadar's Sara Gherghelas highlights 【real-world asset (RWA) NFTs】 as a growth catalyst, citing Polygon's $22.3 million April sales from Courtyard's RWA marketplace—briefly surpassing Ethereum's weekly volume.
The sector's revival coincides with strategic acquisitions like Alchemy's purchase of no-code platform HeyMint. Analysts suggest the May rebound reflects both renewed retail interest and institutional experimentation with tokenized physical assets—from luxury goods to real estate—through blockchain verification.