November Might Have Killed NFTs For Good

NFT sales experienced their weakest period in 2025 during November, falling to $320 million, nearly half of October's $629 million, according to CryptoSlam. This slump has continued into December, which saw only $62 million in sales in its first seven days, the slowest weekly performance of the year. The broader NFT marketplace market cap has also dropped to a record low of $253 million. This downturn is part of a prolonged reversal that began after the 2022 crypto winter, following the market's explosive rise between 2020 and early 2022, when collections like CryptoPunks and Bored Ape Yacht Club became status symbols. Since the peak, trading volumes contracted sharply due to dried-up liquidity, speculative capital pullback, scandals, and oversaturation, leading to a normalization where NFTs now function as a niche segment of the digital asset market.

(Source：BeInCrypto)