The NFT market has fallen to a new low in 2025, with a total valuation down 72% from the beginning of the year

According to Cointelegraph, the NFT market fell to its lowest point in 2025 in December, with a total valuation of only $2.5 billion, a significant drop of 72% from the January peak of $9.2 billion. Market participation has significantly shrunk, with CryptoSlam data showing a continuous decrease in the number of buyers, and the number of sellers has fallen below 100,000 for the first time since April 2021.

Mainstream blue-chip NFT projects such as CryptoPunks and Bored Ape Yacht Club have seen price declines ranging from 12% to 28% over the past 30 days. Notably, art-related NFTs have performed relatively well, with the newcomer project Sports Rollbots successfully entering the top ten by market cap, achieving a floor price of $5,800 and a total valuation exceeding $58 million, replacing the position of Mutant Ape Yacht Club.