May has reserved a bitter surprise for supporters of the NFT. While Bitcoin has shone by a significant increase in its volumes on the non -fungible token market, the entire sector, it has sunk into a new phase of decline. Proof that the health of a flagship asset is not always enough to draw an entire ecosystem upwards.
In short
- NFT sales dropped by 21 % in May despite an increase in the number of buyers.
- The market becomes more selective, carried by a few stars collections rather than by the blockchains themselves.
A market paradox: more buyers, but fewer sales
There is something ironic to see a market accommodating more buyers … while selling less. In May, non -fungible tokens recorded $ 474 million in sales, a fall of 21.25 % compared to April.
However, the number of buyers climbed 16.45 %, and sellers too, more timid (+1.57 %). This paradox illustrates a disturbing dynamic: an increasing audience, but loss of speed.
Furthermore, this decrease does not only touch small channels. Even Ethereum, still undisputed number one in volume, saw its sales fall by almost 21 %, stabilizing around $ 140 million.
Diversification was not enough to stem the decline: Polygon, however often presented as a dynamic alternative, saw its volumes collapse by 47.38 %. A disaffection which seems structural more than economic.
Bitcoin resists, avalanche explodes: outsiders rebiff
While the majority of blockchains are retreating, Bitcoin has an increase of 20.16 % in the NFT sector, reaching $ 74.5 million in May. A figure all the more impressive as the NFTs backed by Bitcoin are relatively recent on the scene.
The ordinal protocol and annex innovations allowed the Bitcoin ecosystem to quickly impose itself as a credible player in this segment long dominated by Ethereum.
Even more spectacular: The meteoric rise of avalanche. With an increase of more than 1200 %, Avalanche stands out as the surprise of the month.
This explosion is largely carried by the launch of the XSY Deposit project, which alone has generated more than $ 30 million. This proves once again that a single carrier project can revitalize an entire blockchain – at least temporarily.
Collections that dictate the trend more than blockchains
What May highlights is that it is no longer necessarily blockchains that promote the dynamics, but the collections themselves. Courtyard, on Polygon, dominated the classification With nearly $ 60 million. Dmarket (Polkadot/Mythos) was not far away, and XSY Deposit completed the podium. As for Doodles, its 226 % increase proves that storytelling and the community effect can still do miracles.
This shift in power – from infrastructure to projects – highlights the growing maturity of the NFT market. It is no longer enough to have a quick or inexpensive blockchain; We must offer an experience, a universe, a rarity that attracts.
Bitcoin is increasingly essential in a sector formerly distant from its initial DNA. At this rate, he could soon exceed Solana in terms of cumulative sales of NFT. But will that be enough to reverse the overall trend? Nothing is less certain. Because if the spotlights turn on isolated successes, the overall scene remains gloomy.
Bitcoin's progression in the universe of NFT is undeniable, but it struggles to hide the signs of market fatigue. The overall volume is in withdrawal, speculation is focused on a few niches: the market specializes, is fragmented. In this landscape in full recomposition, Sharplink creates surprise by betting a billion dollars on Ether, briefly reviving the enthusiasm of investors. The fact remains that this isolated impulse does not answer the real question: are we faced with a healthy consolidation … or the prelude to a progressive disengagement from the general public?
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