NFTs Sales Plunge In January, Down 24% From December 2024
The non-fungible token market has plummeted in January after the initial market hype that fueled its resurgence in November 2024 faded. In the past 30 days, the global non-fungible token market has recorded a trading sales volume of $678 million, down 24% from December 2024. In this article, we shall explore the full state of the NFT market in January and what collectors and traders should expect in the market in February and beyond. NFT Sales Fall +24% In January 2025 Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, shows that the global non-fungible token market has slightly plummeted in trading sales volume and floor price values. In the past 30 days, the global non-fungible token market has recorded a trading sales volume of $678 million, down 24% from the past month. In December 2024, the NFT market raised a sales volume of $901 million. Ethereum, the blockchain network renowned in the NFT m...