NFT Market Downshift in 2025

[AIcash]

NFTs have lost much of their 2021 hype. Trading volumes in Q1 2025 fell 63% year-over-year to $1.5 billion, with March sales plunging 76% to $373 million. Monthly sales hit a low of $320 million in November, marking a 66% drop in market cap from January highs. Despite this, certain collections like Pudgy Penguins bucked the trend, recording $72 million in Q1 sales. Blue-chip projects, such as CryptoPunks, have shifted focus from speculation to long-term cultural positioning.

[cryptohog]

market is getting more stable