NFT market drops to a new low in 2025, with total valuation down 72% since the beginning of the year

ChainCatcher reports that, according to Cointelegraph, the NFT market in December fell to its lowest point since 2025, with a total valuation of only $2.5 billion, a 72% decline 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 dropping 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 of 12%-28% over the past 30 days. Notably, art-related NFTs have performed relatively steadily, with emerging project Sports Rollbots successfully entering the top ten by market cap, with a floor price of $5,800 and a total valuation exceeding $58 million, replacing the position of Mutant Ape Yacht Club.