April NFT Carnage: Sales Drop Over 39% as Market Stalls

NFT Sector Pummeled: Ethereum, Polygon, and Bitcoin Post Steep Declines

Non-fungible token (NFT) sales continue to erode, with $388.77 million in transactions finalized throughout April—a drop of 39.62% compared with March. Stats from cryptoslam.io show participation dwindled on both ends: buyers fell by 48.46%, while sellers declined by 39.05%.

Even activity volume cratered, as the total number of NFT transactions tumbled 54.12% from the prior month. Ethereum, Polygon, and Bitcoin comprised the top three blockchains by NFT sales. Ethereum-based NFT sales totaled $108.19 million, reflecting a 44.86% decrease over the previous 30 days. Polygon followed with $73.84 million, registering a 42.4% slide from March.

Meanwhile, Bitcoin NFTs settled at $62.45 million, falling 27.25% from the prior month. Flow was the outlier, landing in eighth place by volume with $5.94 million—an increase of 14.9% over the same 30-day stretch.

The month’s leading NFT collection was Courtyard on Polygon, raking in $66.42 million in sales, up 20.9%. Alongside this, Polkadot’s Mythos-backed Dmarket claimed second place with $39.72 million in sales. Ethereum’s Cryptopunks NFT collection secured third in April, bringing in $18.22 million during the same period.

The priciest NFT sale of the month was Cryptopunk #3100, which fetched $6.04 million. Coming in second place was an Uncategorized Ordinal, sold eight days ago for $558,755. Rounding out the top three was a gUSDC locked deposit NFT issued on Arbitrum that changed hands for roughly $500,000 just over three weeks ago. The NFT sector appears bruised beyond recognition—and so far, 2025 offers little reprieve from the blows.