NFT Market Dynamics in May: Courtyard Dominates Sales, Doodles Leads Growth

The NFT market displayed robust activity in May, with Courtyard emerging as the top performer by sales volume at $64.86 million, marking a modest 3.62% monthly increase. DMarket and Guild of Guardians followed closely, securing $40.51 million and a strong showing, respectively.

Doodles stole the spotlight with a staggering 201.20% surge, reaching $8.66 million in sales, while DogeZuki attracted over 106,000 buyers. Legacy projects like CryptoPunks maintained relevance with $19.96 million in sales from just 85 buyers, though Sorare saw a slight 3.35% decline.

Phoenix Group’s May 28 report highlights shifting investor appetites, with mid-cap collections gaining traction alongside blue-chip names. The data underscores a market where growth rates—not just absolute volumes—signal where capital is flowing.