- Monthly NFT sales plummeted to $320 million in November, down 49% from $629 million in October.
- The total market capitalization fell by 66%, from $9.2 billion in January to just $3.1 billion currently.
The non-fungible token industry continues to go lower and lower and recorded its worst performance in 2025 when trading volumes in the major collections fell. According to CryptoSlam’s analytics, monthly revenue fell to just $320 million in November, which is a dramatic 49% drop from October’s figure of $629 million. The cumulative market value of the sector has fallen to $3.1 billion, which is a very large drop of 66% from the peak of $9.2 billion in January.
The first week of December brought in just $62 million in sales, making it the slowest weekly performance all year and an indication that the weakness will continue. Industry insiders say the momentum appears to have stalled completely and there are very few signs of recovery in the near future.
Blue-Chip collections are experiencing widespread losses
Overall, most of the top NFT collections that have been around for a while have had their values eroded significantly in November. There were only a handful of exceptions that managed to break the negative trend in the market.
CryptoPunks, still the collection with the highest market value, fell 12% last month. Bored Ape Yacht Club’s value fell 8.5%, while Pudgy Penguins fell 10.6%; These numbers are therefore indicative of the weakness of traditionally stable digital assets.
In November, the art-oriented series struggled, with Fidenza losing 14.6% of its value and Moonbirds falling 17.9%. Mutant Ape Yacht Club fell 13.4% and Chromie Squiggle fell 5.6%, reflecting selling pressure that was widespread in the segment. The most significant drop for the top ten rankings in November was a 48% drop from Hypurr, making it the worst performing collection of the month.
In a very negative market that dominated the month of November, only two collections were able to achieve a positive return. Infinex Patrons, currently the second-ranked total market cap collection, rose 14.9% over the period, while Autoglyphs was the most notable individual performer. Generative art collection rose 20.9%, which was a very distant second behind all the other top-tier NFT projects for November in a very tough market environment.
The prolonged decline has people wondering what the sector’s short-term prospects could be as the year 2025 draws to a close, with less investor interest and fewer investors involved.