NFT Market Cap Crashes 72% in 2025 as Traders Retreat

• NFT market cap had declined 72% in 2025, dropping from around $9.2B in January to roughly $2.5B by December.
• Buyer and seller numbers have also declined, with buyers down to around 135,000 and sellers below 100,000.
• NFT market sales in the first quarter of 2025 were down 63% from the year before.

According to CoinGecko data, the NFT market capitalization plunged 72% in 2025, dropping from around $9.2 billion in January to roughly $2.5 billion by December. The weekly NFT sales in December rarely exceeded $70 million, showing just how much the market has slowed down.

Buyer and seller numbers have also declined, with buyers down to around 135,000 and sellers falling under 100,000 for the first time. Blue-chip NFT projects like CryptoPunks and Bored Ape Yacht Club saw their lowest-priced items drop 12-28% recently.

Interestingly, some art-focused NFT projects, inclu…

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