- NFT market valuation fell to $2.5 billion in December, down 72% from a January peak of $9.2 billion.
- Weekly NFT sales stayed below $70 million in the first three weeks of December, and transaction counts slipped.
- Buyer and seller participation dropped sharply, with unique buyers falling from 204,032 to 184,302 then to 135,120.
- Top collections saw 30-day floor price declines of 12%–28%, though some art-focused projects posted gains; Sports Rollbots entered the top 10 with a roughly $5,800 floor and a $58 million valuation.
The NFT market (NFT: a unique digital token representing ownership of a digital item) declined further in December, with overall valuation slipping to $2.5 billion. According to CoinGecko, this was a 72% drop from a $9.2 billion peak in January and reflected weak year-end liquidity.
Sales activity remained subdued, with weekly NFT sales failing to top $70 million during the first three weeks of December, as shown by CoinGecko. Market participation fell in tandem, reducing demand and trading volumes.
CryptoSlam data showed unique buyers declined to 184,302 in the first week of December from 204,032 in the last week of November, and reached 135,120 by the third week. Unique sellers dropped 35.6% over the same period and fell below 100,000 for the first time since April 2021.
Transactions also weakened. Total NFT transactions fell to about 800,000 in the third week of December after earlier weeks recorded fewer than 1 million transactions, per CryptoSlam.
Floor price (floor price: lowest listed sale price in a collection) trends matched the broader decline. CoinGecko data showed that flagship collections such as CryptoPunks, Bored Ape Yacht Club and Pudgy Penguins logged 30-day drops between roughly 12% and 28%. Art-focused collections including Autoglyphs, Fidenza and Chromie Squiggle posted modest gains.
A newer project, Sports Rollbots, moved into the top 10 by market cap with a reported floor near $5,800 and a valuation above $58 million, displacing the Mutant Ape Yacht Club. Valuation (valuation: total estimated market value) measures used in these rankings reflect available market data and listed prices.
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