NFT Sales Plummet: Monthly Totals Reach Yearly Low

The non-fungible token (NFT) market is facing a significant downturn, experiencing the lowest monthly sales volume recorded this year. From January's peak, the NFT market capitalization has dropped over 66%.

Key Takeaways

Lowest Sales Volume: NFT sales in November plummeted to $320 million, the lowest of 2025.
Market Decline: The market cap for NFTs has dropped from $9.2 billion in January to $3.1 billion, a decline of 66%.
Leading Collections: Most blue-chip NFT collections have decreased in value, with notable exceptions like Infinex Patrons and Autoglyphs.
Ongoing Weakness: Early December's sales total was $62 million, indicating a continuing downturn for NFTs.

NFT winter deepens: Monthly sales hit lowest point of the year

Recent data shows that NFT sales fell to $320 million in November, a substantial decrease from October's $629 million. Additionally, early December brought in just $62 million in sales, indicating a continued trend of decline in this sector. The overall market cap for NFTs now stands at $3.1 billion, which is down 66% from January's $9.2 billion high.

Overview of Market Trends

Data from CryptoSlam reveals that NFT sales decreased significantly in November, falling to $320 million, a stark contrast to the $629 million recorded in October. This drop returns monthly sales to levels last seen in September 2024, when they stood at $312 million. Moreover, sales from December 1-7 totaled only $62 million, marking the weakest weekly performance of 2025 thus far, suggesting that the NFT market may struggle for the remainder of the month.

The trend follows a broader decrease in NFT valuations. According to CoinGecko, the market capitalization for NFTs currently sits at $3.1 billion, which is 66% lower than its peak of $9.2 billion in January.

NFT market cap in 2025. Source: CoinGecko

Major NFT Collections: Trends and Changes

CoinGecko's data suggests that most of the leading NFT collections are following the wider market decline. CryptoPunks, which has the highest market cap, fell by 12% over the last 30 days. Bored Ape Yacht Club also saw an 8.5% decrease, while Pudgy Penguins dropped by 10.6%. This trend has affected even top blue-chip art collections: Chromie Squiggle decreased by 5.6%, Fidenza fell by 14.6%, Moonbirds dropped by 17.9%, and Mutant Ape Yacht Club recorded a 13.4% decline over the same period.

The most significant loser among the top ten NFT collections was Hypurr, which experienced a dramatic 48% drop in value.

However, there were a couple of exceptions to this downturn. Infinex Patrons, ranked as the second-largest NFT collection by market cap, gained 14.9%. Additionally, Autoglyphs excelled, achieving a notable 20.9% increase within the last 30 days.

NFT collections 30-day heat map. Source: CoinGecko

The Turbulent NFT Market: Conclusion of 2025

The NFT market has faced a series of challenges this quarter. As previously reported by Cointelegraph, the value of NFTs witnessed a dramatic decline from October to November, dropping from $6.6 billion to $3.5 billion—a staggering 46% decrease within just a month. There was a temporary rebound on November 11 when the market cap climbed back to $3.9 billion, motivated by a resurgence of interest in digital assets and a rally in memecoins. However, this recovery was brief. Current CoinGecko data indicates that the NFT market cap is again down to $3.1 billion, representing a 53% drop since October.

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As the NFT market reflects these ongoing challenges, its future remains uncertain heading into 2026.