Market data showed shrinking participation across NFTs, with fewer buyers, sellers and transactions signaling fading speculative interest.
Non-fungible tokens (NFTs) extended their year-end slide in December, with total market valuations falling to their lowest level in 2025.
According to data from CoinGecko, the overall valuation of the NFT sector fell to $2.5 billion in December. This represented a 72% decline from a peak of $9.2 billion in January.
The decline came as NFT sales activity remained subdued following a weak November performance. In December, weekly NFT sales failed to surpass $70 million during the first three weeks of the month, falling below November’s pace.
