From Cointelegraph

March 06, 2025 11:57:02 PM:

Trading volumes for non-fungible tokens (NFTs) dropped over 60% last month from December, reaching $1.36 billion in December but falling 26% in January and another 50% in February, attributed to a crypto market downturn. NFT activity increased by 6% in February, with 3.5 million users interacting with NFT platforms.

Bitcoin briefly surged above $109,000 on January 20, breaking its previous all-time high, but most market gains were lost in February due to macroeconomic uncertainty. Decentralized app activity declined in February, with daily unique active wallets estimated to have dropped by 8% to 24 million.

Profile picture NFTs generated $243 million in trading volume across 76,385 sales, gaming NFTs recorded $41 million with 421,853 assets traded, and sports NFTs dominated sales with 659,097 transactions and $7.7 million in volume. In 2024, NFTs had their worst year since 2020, recording $13.7 billion in trading volume.

NFTs had their best year in 2022, with trading volumes reaching $57.2 billion and sales count hitting 121.7 million. The evolving NFT landscape sees a shift toward dynamic, interactive digital assets with enhanced utility, driving long-term adoption in Web3. Profile picture and gaming NFTs had the largest trading volumes in February.

Read more at Coin Telegraph: NFT trading volume has tumbled 63% since December