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NFT Sales Plunge 63% in Q1 2025, But Some Collections Thrive

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Sales of non-fungible tokens (NFTs) saw a significant decline in the first quarter of 2025, dropping by 63% compared to the previous year. Despite this overall decrease, certain collections such as Doodles, Milady Maker, and Pudgy Penguins performed well and showed gains. Data from CryptoSlam revealed that total NFT sales from January to March 2025 amounted to $1.5 billion, down from $4.1 billion in the same period in 2024, with March experiencing the largest decline at 76%. Notably, Pudgy Penguins, Doodles, and Milady Maker stood out by defying the market downturn and achieving positive results.

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