NFT Sales Plummet 18% to $116.9M as Polygon Surges Past Ethereum
NFT Market Faces Decline: Sales Drop 18.43% Amid Mixed Buyer Trends
Market Overview: A Significant Downturn
On June 22, 2025, the NFT marketplace experienced a notable decline, with sales plummeting by 18.43% to $116.9 million, as reported by CryptoSlam. This substantial drop contrasts sharply with the robust activity observed in the previous week.
- Market Overview: A Significant Downturn
- Participation Metrics: Steady Yet Mixed Performance
- Platform Performance: Immutable Leads Despite Decline
- Blockchain Rankings: Polygon Surges Ahead
- Collection Rankings: Courtyard Leads the Charge
- High-Value Sales: Noteworthy Transactions
- Notable Transactions: High-Value Transfers
- Conclusion
Participation Metrics: Steady Yet Mixed Performance
Despite the downturn in sales, the data presents a mixed bag for participation. The number of NFT buyers remained consistent at 1,061,348, reflecting a year-on-year growth of 50.56%. In contrast, the number of NFT sellers increased by 8.09%, reaching a total of 38,494. However, the overall number of transactions dipped slightly by 0.63%, totaling 1,709,086.
Platform Performance: Immutable Leads Despite Decline
Immutable maintained its leading position with a reported $28.3 million in sales, although this figure marks a decline of 32.23% compared to the prior week. Notably, the platform also witnessed a striking 81.19% reduction in wash trading, which fell to merely $3.
Blockchain Rankings: Polygon Surges Ahead
In a surprising turn, Polygon secured the second position with $23.3 million in sales, marking a significant increase of 24.98% and surpassing Ethereum, which fell to third place with $20.4 million, down 32.06%. Ethereum experienced an 18.29% decrease in wash trading, now at $1.8 million. Mythos Chain maintained its fourth position with $14.1 million in sales, reflecting a minimal decline of 0.03%. Solana impressed observers by climbing to fifth place, achieving a growth of 42.74%, resulting in sales of $8.7 million.
Collection Rankings: Courtyard Leads the Charge
Within the collection rankings, Courtyard on Polygon regained its top position with $17.4 million in sales, marking modest growth of 0.56% alongside a dramatic 1,264.81% rise in the number of sellers. Meanwhile, Guild of Guardians Heroes slipped to second place with sales of $16.5 million, a decrease of 33.60%, compounded by declines in transactions (35.26%), buyers (41.99%), and sellers (42.33%).
High-Value Sales: Noteworthy Transactions
DMarket held its ground in third place with $9 million in sales, reflecting a slight increase of 0.99%. Guild of Guardians Avatars remained in fourth position with $7 million, despite experiencing a 31.19% drop. Notably, Gods Unchained Cards entered the top five with sales totaling $4.7 million, a decline of 28.60%. Interestingly, the Uncategorized Ordinals on Bitcoin fell out of the top-ranking collections altogether.
Notable Transactions: High-Value Transfers
Among the remarkable sales, CryptoPunks #1831 fetched 150 ETH (approximately $389,846), CryptoPunks #9778 also sold for 150 ETH (around $377,958), and CryptoPunks #4868 was acquired for 76.5 ETH (equivalent to $201,933).
Conclusion
The current state of the NFT market highlights significant fluctuations, with notable sales still occurring amid an overall downturn in sales volume. The ongoing trends suggest that while challenges persist, there is still interest and activity within the space.
