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Sales of non-fungible tokens (NFTs) dropped sharply successful the archetypal 4th of 2025, plunging 63% year-over-year. Still, a fewer standout collections defied the downturn and posted gains.
NFTs recorded $1.5 cardinal successful full income from January to March 2025, down from $4.1 cardinal during the aforesaid play successful 2024, according to information from aggregator CryptoSlam. March accounted for the steepest decline, with income falling 76% to $373 cardinal compared with $1.6 cardinal past year.
Despite the slowdown, collections including Doodles, Milady Maker and Pudgy Penguins outperformed expectations, showing spot amid the downturn.
Pudgy Penguins, Doodles, Milady defy NFT downturn successful Q1
Among the largest NFT collections, CryptoPunks recorded $60 cardinal successful Q1 2025 sales, down 47% from $114 cardinal successful the archetypal 4th of 2024.
The Bored Ape Yacht Club (BAYC) had an adjacent bigger driblet of 61%. The monkey-themed NFT postulation had a income measurement of lone $29.8 cardinal successful Q1 2025, down from $78 cardinal successful Q1 2024.
Among the fashionable collections reviewed by Cointelegraph, Pudgy Penguins recorded the highest income measurement successful Q1 2025. The postulation recorded $72 cardinal for the quarter, a 13% summation connected its $63.5 cardinal successful Q1 2024.
Doodles besides defied the broader marketplace downturn, with income jumping to $32 cardinal successful Q1 2025 from $22.6 cardinal successful Q1 2024, perchance driven by its increasing mainstream beingness and a recent concern with McDonald’s.
Meanwhile, Milady Maker recorded the highest percent summation among apical collections. The Ethereum-based NFT postulation had a income measurement summation of 58%. The anime-themed project, endorsed by Ethereum co-founder Vitalik Buterin, has continued to summation attraction crossed societal media platforms.
The postulation includes 10,000 anime-inspired avatars and it has gained traction from promotion by arguable Three Arrows Capital co-founder Su Zhu.
Related: Sony’s Soneium blockchain, Animoca Brands bring anime to Web3
Bitcoin NFTs mean terms accrued successful Q1 2025
While the wide NFT marketplace declined, NFTs built connected Bitcoin saw a emergence successful mean price, adjacent arsenic full income measurement shrank significantly.
In the archetypal 4th of 2025, NFTs connected Bitcoin saw their mean worth summation to $633.24. According to information aggregator DappRadar, the mean terms of Bitcoin NFTs climbed from $63.45 successful 2023 to $559.05 successful 2024 earlier reaching its existent average.
However, Bitcoin-based NFT income declined sharply to $291 cardinal successful 2025, a 79% drop. In the archetypal 4th of 2024, Bitcoin NFTs had a income measurement of $1.4 billion.
In a erstwhile interrogation with Cointelegraph, Bitlayer co-founder Charlie Hu said that Bitcoin Ordinals are 1 of the most overhyped narratives successful the Bitcoin ecosystem. The enforcement told Cointelegraph that portion the plus people went to the moon, that epoch is “completely gone.”
Magazine: Trump-Biden stake led to obsession with ‘idiotic’ NFTs —Batsoupyum, NFT Collector
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