NFT market shows notable drop in activity
The non fungible token market shows a notable drop in activity. Weekly sales hit their lowest point since mid-June and recent data indicate a contraction in volume and in unique buyers, signaling a phase of correction and reordering in the sector.
Market indicators and figures
Weekly sales are at lows not seen since mid-June and some reports record sales near 92 million dollars in the weakest week, while the reduction in unique buyers compared to recent highs highlights less speculative demand and greater scrutiny of release quality.
Causes of the decline
The decline is driven by excess supply of low-quality releases, withdrawal of speculative investors, macroeconomic headwinds and efforts to clean up practices like wash trading, factors that together reduce buyer interest and make metrics more conservative and less inflated.
Impact by segments and chains
Established collections show relative strength but have not escaped drops in volume and volatility in floor prices, with Ethereum retaining a large market share while other chains and Layer 2s also see reductions, and lower liquidity particularly harming emerging projects and releases without clear value propositions.
The current cooling is a corrective phase that demands greater rigor in supply and more utility-focused projects for a sustainable recovery, and if adoption of NFTs with real utility, institutional capital entry and professionalized due diligence progress, volumes could stabilize and NFTs could serve as tools of financial sovereignty and digital ownership rather than speculative instruments.