Non-fungible tokens (NFTs) saw a continued decline in December, with the market valuation dropping to $2.5 billion, a 72% decrease from January’s peak of $9.2 billion. Weekly NFT sales failed to exceed $70 million in the first three weeks of December, following a weak November performance.

Market participation in NFT sales decreased significantly in December, with unique buyers dropping to 184,302 and unique sellers falling below 100,000 for the first time since April 2021. Total NFT transactions declined to 800,000 in the third week of December, reflecting a broader market slowdown.

Leading NFT collections experienced double-digit price declines in the last 30 days, with projects like CryptoPunks and Bored Ape Yacht Club posting drops of 12% to 28%. However, art-focused collections such as Autoglyphs and Fidenza showed modest gains. Sports Rollbots entered the top 10 NFT collections with a floor price of $5,800 and a valuation above $58 million.

Read more at Cointelegraph: NFT Market Slides to 2025 Lows as Buyers and Sellers Pull Back