NFT Market Hits 2025 Low, Total Market Cap Drops 72% Year-to-Date

As per HashNews, the NFT market continued its downward trend in December 2025, with the total market cap falling to $2.5 billion, the lowest level of the year, a 72% decline from the $9.2 billion peak in January. In the first three weeks of December, weekly NFT sales did not exceed $700,000, lower than November's levels, with a noticeable drop in market participation. According to CryptoSlam, the number of unique buyers in the first week of December dropped from 204,032 at the end of November to 184,302, and further declined to 135,120 in the third week. The number of unique sellers also fell by 35.6%, dropping below 100,000 for the first time. Total transaction volume in the third week dropped to 800,000, down from 1 million at the beginning of the month. Blue-chip NFT projects saw widespread price declines, with top projects like CryptoPunks, Bored Ape Yacht Club, and Pudgy Penguins falling between 12% and 28% in the past 30 days. However, art-based NFT projects such as Autoglyphs, Fidenza, and Chromie Squiggle remained relatively stable, recording slight gains. Sports Rollbots recently entered the top ten NFT projects by market cap, with a floor price of $5,800 and a total valuation of around $58 million, replacing Mutant Ape Yacht Club on the list.