NFT Market Shifts in May: Courtyard Tops Sales, Doodles Leads in Growth

• Courtyard led May NFT sales at $64.86M; DMarket and Guild of Guardians followed.
• Doodles surged 201.20% to $8.66M, DogeZuki drew 106K+ buyers.
• CryptoPunks held $19.96M from 85 buyers; Sorare saw a 3.35% decline.

The NFT market continues to show signs of growing investor interest, with new and legacy projects competing for dominance. Data from Phoenix Group, published on May 28, 2025, outlines the top-performing NFT collections by monthly sales volume. Courtyard emerged as the leading project by value, while Doodles registered the highest growth rate among all tracked collections.

The report reveals changing market dynamics, with mid-cap and lower-cap collections gaining attention alongside long-standing brands like CryptoPunks and Bored Ape Yacht Club. While total transaction volumes varied, percentage gains highlighted where demand has surged.

TOP #NFT COLLECTIONS BY MONTHLY SALES VOLUME
#Courtyard #DMarket #GuildofGuardians #CryptoPunks #PudgyPenguins #Doodles #BoredApeYachtClub #DogeZuki #MutantApeYachtClub #Sorare #BitcoinPuppets #LilPudgys pic.twitter.com/Q2cmVBUtJM

— PHOENIX – Crypto News & Analytics (@pnxgrp) May 28, 2025

Courtyard claimed the highest sales volume in May, reaching $64.86 million. This figure marks a low 3.62% increase compared to the previous month. DMarket followed closely, with $40.51 million in recorded sales. In third place, Guild of Guardians posted a strong performance, growing 57.13% month-over-month to reach $24.34 million.

These results highlight the continued presence of asset-oriented and gaming-related collections at the top of the NFT charts. The sales figures underscore sustained engagement within utility-driven ecosystems.

Doodles Posts Highest Growth, DogeZuki Sees Strong Participation

Among all tracked collections, Doodles experienced the largest percentage growth, rising 201.20% in monthly sales. The project recorded $8.66 million in volume, from 1,010 buyers and 2,136 transactions. This spike reflects renewed interest in the collection, which had previously shown muted activity.

DogeZuki also saw major gains. It logged a 50.46% increase in volume, reaching $5.14 million. The collection attracted over 106,000 individual buyers, the highest among all projects tracked in the report. Its broad participation suggests momentum among newer or community-focused NFT projects.

Legacy Projects Hold Value Amid Moderate Growth

CryptoPunks, one of the most established NFT collections, recorded $19.96 million in monthly sales. With only 85 buyers, the data reflects the continued appeal of low-supply, high-value NFTs. Bored Ape Yacht Club (BAYC) followed with $6.70 million in sales, a 19.82% monthly increase.

Mutant Ape Yacht Club also remained active, although exact figures were not disclosed in the report. These collections showed moderate performance but maintained relevance in the competitive NFT environment.

Lower-Cap NFTs Gain Investor Attention

Several smaller-cap projects posted notable gains. Bitcoin Puppets rose 75.47%, while Lil Pudgys increased 33.17%. These moves suggest renewed market interest in collections that had previously seen reduced activity.

Sorare recorded a 3.35% decline in monthly sales volume. However, it maintained a large number of transactions, totaling over 328,000. The discrepancy between transaction volume and sales value may indicate changes in average transaction size or shifts in pricing trends within the platform’s marketplace.