NFT collections get no Santa rally as market hits 2025 lows

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. 

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