NFT trading volume has tumbled 63% since December
NFTs last year had their worst year since 2020, recording $13.7 billion in trading volume and under 50 million in sales, according to DappRadar.
The trading volumes of non-fungible tokens (NFTs) last month were down by more than 60% from December despite building momentum in the final months of 2024, with the fall coinciding with a crypto market downturn.
In December, the total trading volumes for NFTs hit $1.36 billion but fell 26% in month-on-month January, then another 50% in February, DappRadar analyst Sara Gherghelas said in a March 6 industry report.
“While NFTs had been showing signs of a comeback in recent months, their momentum has slowed since the start of the year,” she said.
