Sales of non-fungible tokens (NFTs) dropped sharply in the first quarter of 2025, plunging 63% year-over-year. Still, a few standout collections defied the downturn and posted gains.<\/p>\n
NFTs recorded $1.5 billion in total sales from January to March 2025, down from $4.1 billion during the same period in 2024, according<\/a> to data from aggregator CryptoSlam. March accounted for the steepest decline, with sales falling 76% to $373 million compared with $1.6 billion last year.<\/p>\n Despite the slowdown, collections including Doodles, Milady Maker and Pudgy Penguins outperformed expectations, showing strength amid the downturn.<\/p>\n Among the largest NFT collections, CryptoPunks recorded $60 million in Q1 2025 sales, down 47% from $114 million in the first quarter of 2024.<\/p>\n The Bored Ape Yacht Club (BAYC) had an even bigger drop of 61%. The monkey-themed NFT collection had a sales volume of only $29.8 million in Q1 2025, down from $78 million in Q1 2024.\u00a0<\/p>\n Among the popular collections reviewed by Cointelegraph, Pudgy Penguins recorded the highest sales volume in Q1 2025. The collection recorded $72 million for the quarter, a 13% increase on its $63.5 million in Q1 2024.\u00a0<\/p>\n Doodles also defied the broader market downturn, with sales jumping to $32 million in Q1 2025 from $22.6 million in Q1 2024, possibly driven by its growing mainstream presence and a recent partnership with McDonald\u2019s<\/a>.<\/p>\n Meanwhile, Milady Maker recorded the highest percentage increase among top collections. The Ethereum-based NFT collection had a sales volume increase of 58%. The anime-themed project, endorsed by Ethereum co-founder Vitalik Buterin, has continued to gain attention across social media platforms.<\/p>\n The collection includes 10,000 anime-inspired avatars and it has gained traction from promotion<\/a> by controversial Three Arrows Capital co-founder Su Zhu.\u00a0<\/p>\n Related: <\/strong><\/em>Sony\u2019s Soneium blockchain, Animoca Brands bring anime to Web3<\/strong><\/em><\/a><\/p>\n While the overall NFT market declined, NFTs built on Bitcoin saw a rise in average price, even as total sales volume shrank significantly.<\/p>\n In the first quarter of 2025, NFTs on Bitcoin saw their average value increase to $633.24.\u00a0According<\/a> to data aggregator DappRadar, the average price of Bitcoin NFTs climbed from $63.45 in 2023 to $559.05 in 2024 before reaching its current average. <\/p>\n However, Bitcoin-based NFT sales declined<\/a> sharply to $291 million in 2025, a 79% drop.\u00a0In the first quarter of 2024, Bitcoin NFTs had a sales volume of $1.4 billion.<\/p>\n In a previous interview with Cointelegraph, Bitlayer co-founder Charlie Hu said that Bitcoin Ordinals are one of the most overhyped narratives<\/a> in the Bitcoin ecosystem. The executive told Cointelegraph that while the asset class went to the moon, that era is \u201ccompletely gone.\u201d<\/p>\nPudgy Penguins, Doodles, Milady defy NFT downturn in Q1<\/h2>\n
Bitcoin NFTs average price increased in Q1 2025<\/h2>\n