The NFT activity of Ethereum has witnessed an important decline. Data showed that only 1,127 NFTs were included on August 1, 2025.
This figure is the lowest in the history of the network.
Ethereum NFT collapses
In his latest analysis, cryptoquant noted that this sharp decrease showed how far the sector has fallen since the tree of 2021-2022, when NFTs dominated the headlines and trade volumes.
Even when crypto markets showed recovery in 2024 and 2025, NFTs did not remain able to capture the same momentum. Analysts attribute the collapse to various factors, such as the fading of investors enthusiasm, an oversupply of collections of low quality and a decisive liquidity shift to newer stories such as Laag 2 Defi-innovations and Real-World assetization.
Ethereum is considered the central hub for NFTs for a long time. That is why the consequence of this historic low could be considerable, which can not only influence the reimbursements of Ethereum, but also the sustainability of NFT marketplaces and the long-term prospects. The gloomy figures of Augustus follow a surprisingly positive July.
Nft July revival
Dapradar had recently revealed that NFT activity levels Defi surpassed for the first time in months in July. The trade volume within the sector increased by 96% and climbed to $ 530 million, although the total number of turnover decreased by 4% to 5 million.
Interestingly, the average price of an NFT has risen considerably, more than doubled from $ 52 in June to $ 105 in July, because the demand for established, high -quality collections is increasing.
On Ethereum, Blur accounted for 80% of the daily trading activities in the same period, because of professional traders and credit services through his blend platform. On the other hand, OpenSea strengthened its position as the go-to-platform for broader participation, because it had an average of 27,000 daily traders and maintained strong cross-chain support.
In the meantime, the Layer 2 network of Coinbase, the basis has also emerged as one of the most popular ecosystems for NFTs since the launch two years ago. Since January, Base NFTs has collected $ 122 million in trade volume over 6.7 million turnover.