Data: The total transaction volume of NFT in the first quarter was approximately US$1.5 billion, down 63% year-on-year

According to Cointelegraph, according to CryptoSlam data, from January to March 2025, the total transaction volume of NFT was US$1.5 billion, down from US$4.1 billion in the same period in 2024, a year-on-year decrease of 63%. The decline was the biggest in March, with transactions down 76% from $1.6 billion last year to $373 million.

Despite slowing growth, series such as Doodles, Milady Maker and Pudgy Penguins have performed better than expected. In the top NFT series, CryptoPunks traded $60 million in the first quarter of 2025, down 47% from $114 million in the first quarter of 2024. Bored Ape Yacht Club (BAYC) fell 61%. Pudgy Penguins had the highest transaction volume in the first quarter of 2025. reached $72 million, an increase of 13% from $63.5 million in the first quarter of 2024. Doodles transaction volume jumped from $22.6 million in the first quarter of 2024 to $32 million in the first quarter of 2025.