NFT Market Rebounds in May 2025, Fueled by Avalanche's Explosive Growth

NFT sales experienced a significant rebound in May 2025, marking the first monthly increase this year after a five-month decline. This resurgence was largely driven by a dramatic surge in Avalanche (AVAX) sales, which saw a 200% increase, raising optimism for a broader recovery in the digital collectibles market.

NFT Market Sees Promising Rebound

After a period of consistent decline, the NFT market showed strong signs of recovery in May 2025. Total sales climbed to $430 million, a 15% increase from April's $373 million. This marks a crucial turning point, as it's the first monthly sales increase recorded this year, following a peak of over $900 million in December 2024.

May also witnessed the highest number of transactions in 2025, reaching 5.5 million, according to CryptoSlam data. This uptick is further supported by a notable divergence between unique NFT buyers and sellers.

Buyer Interest Surges While Sellers Decline

One of the most encouraging trends in May was the significant increase in unique NFT buyers. The number of users purchasing NFTs rose by 50% to over 936,000, up from approximately 622,000 in April. This represents the largest buyer count since October 2024, indicating growing investor participation.

Conversely, the number of unique sellers continued to decline, falling to around 284,600 in May. This is the lowest amount recorded on the CryptoSlam platform since April 2021. The combination of increasing buyer interest and shrinking seller activity could lead to more competitive bidding and potentially higher valuations for NFTs.

Avalanche Leads The Charge

Avalanche (AVAX) emerged as a major catalyst for the market's rebound, making a dramatic entrance into second place with $22.3 million in sales, representing a staggering 202.92% surge. This impressive growth was largely attributed to the XSY Deposit collection, which alone accounted for $22.1 million in sales.

• Avalanche's sales surge of over 200% propelled it to second place in blockchain NFT sales.

• The XSY Deposit collection on Avalanche recorded $22.1 million in sales.

• Despite the surge, questions remain about the legitimacy and transparency of the XSY Deposit collection, as it appears to be dominated by a single buyer and seller.

Ethereum, while still leading in overall sales with $29.6 million, experienced a 26.22% decline from the previous week. Polygon (POL) held strong in third place with $21.3 million, showing solid growth of 45.98%. Bitcoin dropped to fourth place with $18.2 million, a 21.85% decrease.

Key Takeaways

• NFT sales rebounded in May 2025, marking the first monthly increase this year.

• Total sales reached $430 million, a 15% increase from April.

• Unique NFT buyers surged by 50%, while unique sellers declined.

• Avalanche (AVAX) sales dramatically increased by over 200%, largely due to the XSY Deposit collection.

• The market's rebound suggests renewed interest and potential for further recovery, though some surges, like Avalanche's, warrant closer scrutiny.

Sources

• NFT sales drop to $129.8m, Avalanche sales surge 200%, Crypto News.

• Avalanche NFT Sales Hit 5-Month High — Is the Surge Real?, Coinspeaker.

• NFT sales rebound in May 2025 after months of decline: CryptoSlam, Cointelegraph.