NFT Art Sales Fall From $2.9B In 2021 To $24M In Q1, 2025 – Report
The global non-fungible token art market has been experiencing an up-and-down swing since its inception in 2020, evolving from niche enthusiasm to mainstream frenzy before facing a brutal steep decline. An in-depth Analysis has revealed that the NFT art market has fallen by over 90%, with its trading volume falling from $2.9 billion in 2021 to just $23.8 million as of Q1 2025. In this article, we shall discuss what went wrong. NFT Art Sales Fall In Q1, Down +90% Since 2021 On March 27, 2025, DappRadar, the digital asset platform providing a comprehensive hub for discovering, tracking, and managing decentralized applications, NFTs, DeFi projects, and other web3 assets while offering data and insights to users and industry partners, shared a report about the NFT art market. The data analytics report found that the trading sales volume for the NFT Art market has plummeted by more than 90%, falling from a record high of $2.9 billion to $23.8 million in Q1 2025. 📉 In 2021, ...