The NFT market hit a low point in 2025, with its market capitalization falling by 72% for the year.

PANews reported on December 25th that, according to CoinGecko data, the NFT market continued its downward trend in December 2025, with its total market capitalization falling to $2.5 billion, the lowest point of the year, a 72% drop from its January peak of $9.2 billion. Weekly NFT sales in the first three weeks of December did not exceed $70 million, lower than November levels, indicating a significant decline in market participation.

CryptoSlam data shows that the number of unique buyers in the first week of December fell to 184,302 from 204,032 at the end of November, and further decreased to 135,120 in the third week; the number of unique sellers decreased by 35.6% year-on-year, falling below 100,000 for the first time. Transaction volume also declined accordingly, with total transactions falling to 800,000 in the third week, down from 1 million at the beginning of the month.

Floor prices for blue-chip NFT projects generally declined, with top projects such as CryptoPunks, Bored Ape Yacht Club, and Pudgy Penguins experiencing price drops of 12%-28% over the past 30 days. However, art-related NFT projects such as Autoglyphs, Fidenza, and Chromie Squiggle performed relatively well, recording slight increases. Furthermore, Sports Rollbots newly entered the top ten NFT projects by market capitalization, with a floor price of $5,800 and a total valuation exceeding $58 million, replacing Mutant Ape Yacht Club on the list.