NFT trading volume falls 22.7% to $104.5M

Published: 2025-09-07 00:43:16 |

NFT trading volume fell sharply over two weeks, dropping 11% to $134.9 million before plunging a further 22.7% to $104.5 million. Despite lower volumes, NFT trading volume saw buyer growth from 73,900 to 622,535 and seller numbers rose from 42,878 to 447,821, while transactions held around 1.7–1.78 million. Ethereum led with $58.5 million then $37.7 million, Polygon peaked at $17.8 million then eased to $15.7 million. BNB Chain, Bitcoin-based NFTs and Solana showed mixed performance, and Mythos Chain emerged at $10.1 million. High-value NFT sales included CryptoPunks (#1021 at 720 ETH; #5898 at 100 ETH) and Known Origin #88512 at 70 ETH. The continued slump in NFT trading volume alongside rising participation suggests a cooling market with shifting interest across chains.

Bearish

The steep decline in NFT trading volume signals cooling demand across major blockchains, likely exerting downward pressure on ETH and other related tokens in the short term due to reduced fees and activity. Although buyer and seller counts rose, the sharp volume slump outweighs participation growth, suggesting subdued market sentiment. Over the long term, mixed chain performance may drive selective rotations, but overall lower NFT trading volume points to continued bearish momentum unless broader market drivers revive interest.