NFT sales plunge 63% in Q1, but Pudgy Penguins, Doodles buck trend
NFT sales dropped 63% year-over-year in Q1 2025, but Pudgy Penguins, Doodles and Milady Maker outperformed the broader market.
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.
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 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.
Despite the slowdown, collections including Doodles, Milady Maker and Pudgy Penguins outperformed expectations, showing strength amid the downturn.
