NFT Market Plummets to 2025 Lows as Engagement Wanes
NFT Market Reaches New Lows Amid Buyer and Seller Retreat
The non-fungible token (NFT) market has continued its downward trajectory, reaching its lowest valuation in 2025. According to CoinGecko, the market value fell to $2.5 billion in December, a 72% decline from the January peak of $9.2 billion.
NFT sales activity has been sluggish, with weekly sales not exceeding $70 million during the first three weeks of December, a drop from November's figures. This trend highlights the market's struggle to regain momentum, even with renewed interest in physical collectibles earlier this year.
Market Participation Declines
The decline in NFT sales is paralleled by a reduction in market participants. Data from CryptoSlam shows a decrease in unique buyers from 204,032 in late November to 135,120 by the third week of December. Similarly, the number of unique sellers fell by 35.6%, dipping below 100,000 for the first time since April 2021.
NFT transactions also suffered, with the third week of December recording only 800,000 transactions, down from less than a million in the opening week.
Blue-chip NFTs Also Feel the Pinch
Top NFT collections, including CryptoPunks and Bored Ape Yacht Club, have seen significant price drops, ranging from 12% to 28% over 30 days. However, some art-focused collections like Autoglyphs and Fidenza by Tyler Hobbs have managed modest gains.
New entrants like Sports Rollbots have disrupted the market, entering the top 10 collections by market cap and pushing established collections like Mutant Ape Yacht Club down the rankings.
For more insights into the digital art market, explore how these trends may affect future developments in blockchain security and innovation.