NFT According to a new report, trading volume saw a 45% quarterly plunge.
Dappradar says there is still a healthy interest in digital collectibles, but there was a “sharp drop” in average prices.
A sign that sales of millions of dollars boring APE Yacht Club and Cryptopunks are distant memories, trading volume was $823 million in the second quarter, down from $4 billion the previous year.
A total of 12.5 million sales have been generated over the last three months. This is compared to 15 million in the second quarter of 2024, but a huge success from the 7 million seen in the first quarter of 2025.
Describing the space becoming more affordable, Dappradar’s report added: “The volume of the art category has dropped by 51%, but sales have dropped by 400%, prices have dropped significantly, making ART NFT more accessible to more audiences.”
It is also a good quarter for Domain NFTs, the report suggests, mainly due to a surge in activity on the Tonblockchain.
“Telegram users are purchasing an anonymous, numeric-based domain that allows them to link to their Telegram accounts without a SIM card. This is a very specific use case that we think will resonate.”
The NFT Marketplace also suffered a double-digit decline in sales. But Opensea is the exception here. The quarterly upward quarterly gains are up 156% as $Sea Token excitement builds up for the upcoming period.
“Many users are now actively trading cheaper collections for farm points in the hopes of maximizing future rewards,” Dappradar said.
Other places, Dapp Although it remained fairly constant at 24.3 million users, it remains the most popular category across the game, but the market share for AI-related projects jumped to 18.6%.
It was also a pessimistic time for hacking, with Web3 losing $6.3 billion as a result of its second quarter exploit. This is a 215% increase compared to the first three months of the year.
“We hoped after all these years, the industry learned the lesson that it was vigilant and that it would be more careful about user funding, or at least mature, but unfortunately this quarter proved otherwise,” added Dappradar.