cointelegraph.com
Non-fungible tokens (NFTs) have fallen to their lowest monthly sales volume this year, with digital collectibles declining by over 66% in market capitalization from their January highs.
CryptoSlam data shows that $NFT sales declined to $320 million in November, about half of the $629 million recorded in October. The drop pulled the monthly volumes back to levels not seen since September 2024, when digital collectible sales hit $312 million.
The data also shows that from Dec. 1-7, NFTs generated $62 million in sales, marking the weakest weekly total of 2025. The slow start to December suggests that the downturn may persist through the month as $NFT momentum slows.
The downward trend comes amid a broader decline in $NFT valuations. According to CoinGecko, the sector’s overall market cap is at $3.1 billion, down 66% from its high of $9.2 billion in January.
Blue chips slide, but Infinex Patrons and Autoglyphs buck trend
CoinGecko data showed that most of the top $NFT collections mirrored the broader market decline, with CryptoPunks, the largest by market cap, falling 12% in the last 30 days.
Bored Ape Yacht Club slipped 8.5%, while Pudgy Penguins dropped 10.6% in the same time frame, continuing a pullback across the most dominant $NFT assets.
The downturn did not spare art-driven blue-chip collections. Chromie Squiggle slid 5.6%, Fidenza fell 14.6%, Moonbirds dropped 17.9% and the Mutant Ape Yacht Club was down 13.4% in the last month.
The biggest decline came from Hypurr, which shed 48%, making it the biggest decline among the top 10 $NFT collections.
Meanwhile, two major collections posted gains in the last 30 days, bucking the downward trend. Infinex Patrons, currently the second-largest $NFT collection by market cap, posted gains of 14.9%, while Autoglyphs outperformed the entire top 10 leaderboard with a 20.9% surge in the last 30 days.
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$NFT winter deepens as 2025 concludes
The latest decline comes amid a turbulent quarter for the $NFT market. As Cointelegraph previously reported, NFTs recorded a sharp drop in valuation from October to November.
Digital collections dropped from $6.6 billion to $3.5 billion even as sales slightly climbed. This represented a 46% drop in just 30 days.
The weakness was followed by a rebound. On Nov. 11, $NFT market cap briefly recovered from $3.5 billion to $3.9 billion, reflecting renewed appetite alongside a memecoin rally.
However, the recovery was short-lived. CoinGecko data showed that the $NFT market cap was at $3.1 billion, down 53% from October.
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