NFT Market Sees Sharp Decline with Sales and Valuations Dropping

The NFT market has experienced a significant slowdown, with buying activity dropping to its lowest levels of the year. This decline is evident in both weekly and monthly trading volumes.

Sales and Volume Decline

  • NFT sales fell to $320 million in November from nearly $630 million in October.
  • Initial December figures show $62 million in sales from Dec. 1–7, marking the weakest week in 2025.

NFT Market Chart

Market Cap Decrease

  • Market cap dropped to $3.1 billion, down 66% from January's $9.2 billion high.
  • October saw a market cap of $6.6 billion, which fell to $3.5 billion in November, a 46% drop in a month.
  • A brief surge on Nov. 11 pushed the cap near $4 billion, but it quickly retreated.

Market Cap Chart

Blue Chips Performance

  • CryptoPunks: declined 12%
  • Bored Ape Yacht Club: fell 8.5%
  • Pudgy Penguins: down 10.6%
  • Chromie Squiggle: lost 5.6%
  • Fidenza: decreased by 14.6%
  • Moonbirds: fell 17.9%
  • Mutant Ape Yacht Club: slipped 13.4%
  • Hypurr: significant drop of 48%

Blue Chips Performance Chart

Notable Gainers

  • Infinex Patrons: rose by nearly 15% over the past 30 days.
  • Autoglyphs: gained 21%, outperforming the top ten.

Gainers Chart

The overall outlook remains weak as the year-end approaches, with thin liquidity and lack of sustained momentum in trading volumes.