NFT supply expanded while recorded sales declined in 2025, according to a December 31 Cointelegraph report citing CryptoSlam data.
The snapshot put cumulative supply above 1.34 billion tokens, compared with approximately 1 billion in 2024. Reported sales totaled $5.63 billion, versus $8.9 billion a year earlier, a decline of roughly 37%.
A numerical correction
The previous version repeated a 25% supply increase. The rounded totals of 1 billion and 1.34 billion imply approximately 34%, so the earlier percentage was inconsistent with the figures provided. Exact growth would require unrounded, consistently measured totals.
The report also put average sale value at $96, down from $124. An average across changing collections does not mean every NFT lost the same proportion of its value.
What the snapshot can establish
Supply measures issued tokens; sales measure transactions during a period. Neither is interchangeable with market capitalization, unique collectors or the amount an owner could obtain by selling a particular NFT.
The figures reflect the dataset reported on December 31, rather than independently audited final annual accounts. They show a divergence between issuance and recorded spending, but do not establish why creators minted more or prove that practical NFT adoption increased.
Editor’s note: The inconsistent supply-growth percentage has been corrected. Claims that the figures prove creator motives or a permanent change in the market have been removed.