More NFTs, less money: Supply rose to 1.3B as sales fell 37% in 2025
NFT minting accelerated even as buyers spent less, pushing the market toward a high-volume, low-price equilibrium.
The non-fungible token (NFT) market expanded in total supply, but saw significantly lower sales in 2025 compared to the previous years.
CryptoSlam data shows that the total number of NFTs in circulation climbed to more than 1.34 billion this year, marking a 25% increase from the one billion supply in 2024. The increasing supply happened in parallel with falling NFT sales.
According to CryptoSlam data, NFT sales reached about $5.63 billion in 2025, down by about 37% from the $8.9 billion recorded last year. Average sale prices also declined year-on-year, slipping to $96 from $124.
