TL;DR: CryptoSlam data shows NFT supply surpassed 1.34B in 2025 (+25% YoY) while sales fell to $5.63B (-37%) and average prices slid to $96. Supply rose from 38M in 2021 to 1B in 2024 and 1.34B in 2025, turning minting into a volume race as demand lags.
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