NFT Market Recovers 30% in Q2 2025 Driven by RWA and Immutable NFTs

The non-fungible token (NFT) market has shown resilience despite facing high volatility and intense competition from the crypto and meme coin markets. In 2025, the NFT market has evolved beyond its initial hype, focusing on practical applications such as gaming, digital identity, and real-world asset tokenization. This shift has led to a trading sales volume of over $1.34 billion in the second quarter of 2025, marking a significant recovery from the previous quarter.

In the first quarter of 2025, the NFT market experienced a decline in trading sales volume. The global NFT market raised a trading sales volume of $697 million in January 2025, down 24% from $901 million in December 2024. This decline was termed a healthy correction by industry experts. The market continued to face challenges in February and March, with trading sales volumes dropping to $476 million and $477 million, respectively. The decline in the first quarter was associated with the crypto market downturn, which was fueled by the escalating trade war and the enactment of steep protective tariffs by the United States President.

Despite the challenges, the NFT market began to show signs of recovery in the second quarter of 2025. In April, the NFT market raised a trading sales volume of $377 million, down by $56 million from the previous month. This negative market performance was also associated with the global impact of the strict tariffs. However, the market began to turn healthy in May after tokenized real-world assets started gaining massive traction among NFT traders. Real-World Asset (RWA) NFTs offer a way to tokenize and trade ownership of physical assets, like real estate or art, on a blockchain. This process enhances liquidity, enables fractional ownership, and increases accessibility for investors. In response to massive RWA NFT adoption, the NFT market raised a trading sale of $476 million, up 30% from the previous month.

In June 2025, the NFT market received another huge market boost after Immutable-based NFTs started making headlines in the NFT sector. Several Immutable NFTs, including the Guild of Guardian Avatar and Guild of Guardians Heroes, skyrocketed in trading sales volume. This short market hype pushed the global NFT trading sales volume to $492 million in June. The recovery in the second quarter of 2025 was driven by the increasing adoption of RWA NFTs and the popularity of Immutable-based NFTs.

OpenSea, one of the world’s largest digital market platforms for non-fungible tokens and crypto collectibles, has been the most-traded NFT marketplace in the second quarter of 2025. In the past 90 days, the NFT marketplace has recorded a trading sales volume of $300 million, taking 43% of the total market share. During this time, the Ethereum NFTs took the lion’s share, raising 75% of the trading sales volume on OpenSea. Blur, a renowned non-fungible token marketplace and aggregator platform offering advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT tracking, has been the second leading NFT marketplace in the second quarter of 2025. In the past 90 days, the Blur NFT marketplace has amassed a trading sales volume of $159 million, representing 22% of the total market share.

Magic Eden, another leading multi-chain digital market platform supporting non-fungible tokens on Solana, Ethereum, Polygon, Bitcoin, and more, has been the third leading NFT marketplace in the second quarter of 2025. In the past 90 days, the Magic Eden NFT market platform has amassed a trading sales volume of $117 million. During this time, the Bitcoin NFTs took the largest share, accumulating 51% of the total trading sales volume. CryptoPunks, a renowned NFT marketplace dedicated exclusively to the iconic 10,000 pixilated CryptoPunks NFT collection, has been the fourth leading NFT market platform in the second quarter of 2025. In the past 90 days, the CryptoPunks NFT marketplace has recorded a trading sales volume of $60 million, taking 8.71% of the total market share. The Ethereum NFT collection took 100% of the total market share.

Element Market, a decentralized, multi-chain NFT marketplace built on Ethereum, focusing on being a community-driven market and facilitating the NFT creation, discovery, and exchange of NFTs, has been the fifth most traded NFT marketplace in the second quarter of 2025. In the past three months, the NFT market platform has recorded a trading sales volume of $25 million, taking 3.67% of the total market share. The top five NFT marketplaces have amassed a trading sales volume of $697 million. The recovery in the second quarter of 2025 was driven by the increasing adoption of RWA NFTs and the popularity of Immutable-based NFTs, which helped the NFT market to raise a trading sales volume of over $1.34 billion in the second quarter of 2025.