NFT Market Check: Trading Volume Plunges 50% in February After December’s Brief AI-NFT Surge

• NFT trading volume peaked in December 2024 at $1.36 billion but declined 26% in January 2025.
• The number of NFT sales was highest in August 2024 (4.1M sales), dropping to 2.7M in February 2025.
• February 2025 recorded the lowest volume at $498 million, marking a 50% drop from January.

The non-fungible token (NFT) market started in 2025 facing the fallout of a big drop in trading volume and sales that began in late 2024. 

Even though there were early signs of recovery in the NFT space, things slowed way down at the start of the year. This happened at the same time as a wider downturn in the cryptocurrency market.

NFT Trading Volumes: From Peak to Plunge

According to data from DappRadar, NFT trading volumes hit their highest in December 2024, reaching $1.36 billion. This huge increase in trading happened because of growing excitement around AI-powered NFTs and new collection launches. 

But this peak didn’t last long. January 2025 saw a sharp 26% decrease, pulling trading volumes down to $997 million. 

The downturn got worse in February 2025. NFT trading volumes fell off a cliff, plunging by 50% to $498 million. That’s a big difference from the Dece…

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