Non-fungible tokens (NFTs) prolonged their year-end slide in December, with whole market valuations falling to their lowest degree in 2025.
Based on knowledge from CoinGecko, the general valuation of the NFT sector fell to $2.5 billion in December. This represented a 72% decline from a peak of $9.2 billion in January.
The decline got here as NFT gross sales exercise remained subdued following a weak November efficiency. In December, weekly NFT gross sales didn’t surpass $70 million throughout the first three weeks of the month, falling beneath November’s tempo.
December is on observe to strengthen late 2025’s downward pattern as year-end liquidity thins. The NFT market has not been capable of return to its former glory, regardless of renewed use-case curiosity pushed by a surge in bodily collectibles together with Labubu and Pokémon playing cards earlier within the yr.
NFT heatmap for the previous 30 days. Supply: CoinGecko
Fewer market individuals drive NFT gross sales decline
The slowdown in NFT gross sales coincided with a pointy drop in market participation, with each consumers and sellers retreating in December.
CryptoSlam knowledge confirmed that distinctive consumers declined to 184,302 within the first week of December from 204,032 in November’s final week. Purchaser participation continued falling all through the month, reaching 135,120 on the third week.
Sellers adopted the decline. Information confirmed that distinctive sellers dropped 35.6% over the identical interval to fall beneath the 100,000 mark for the primary time since April 2021.
Transactions additionally suffered. Based on CryptoSlam, whole NFT transactions within the third week of December declined to 800,000, after the month’s opening week recorded fewer than 1 million transactions.
Associated: NFTs shifted to utility and tradition as worth light in 2025
Blue-chip NFT costs slide regardless of pockets of resilience
Ground worth performances amongst main NFT collections mirrored the broader market slowdown, with many of the high 10 tasks by market capitalization posting double-digit declines within the final 30 days.
CoinGecko knowledge confirmed that flagship collections like CryptoPunks, Bored Ape Yacht Membership and Pudgy Penguins had 30-day worth drops starting from 12% to twenty-eight%, signaling downward stress even with established NFT manufacturers.
Regardless of this, art-focused collections like Autoglyphs, Fidenza by Tyler Hobbs and Chromie Squiggle by Snowfro held up higher, posting modest positive factors in the identical timeframe.
Most notably, a set referred to as Sports activities Rollbots entered the highest 10 NFT collections by market cap, exhibiting a ground worth of $5,800 and a valuation above $58 million. The entry of the brand new contender pushed the Mutant Ape Yacht Membership outdoors the highest 10.
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