Key Takeaways
NFT sales fell to $91.96 million in the first week of September, the lowest since mid-June.
Unique buyers dropped 58% since June, while sellers fell 43%.
Average NFT sale price slid from $104 in August to $72, a 30% decline in two weeks.
Despite lower values, transaction counts remained high at 1.27 million.
NFT Market Hits Three-Month Low
The NFT market cooled sharply last week, with sales volume dropping to $91.96 million, according to CryptoSlam. This marks the lowest weekly total since June 16–22, when sales were $90 million.
The decline comes after strong July and August activity, when weekly sales consistently stayed above $115 million and peaked at $170 million in late July — the third-highest week of 2025.
Buyer and Seller Activity Shrinks
The number of unique NFT buyers fell to 199,821, down 58% from mid-June’s 487,264. Sellers also dropped to 145,877, a 43% decline from 258,803 over the same period.
At the same time, average sale values fell 30% in just two weeks, from $104 in August to $72 in early September.
Trading Activity Still Active
Despite the drop in prices and participants, overall NFT transaction activity remained strong at 1.27 million trades, showing collectors are still active but spending less per purchase.
What Fueled July–August Strength?
Analysts attributed the earlier summer surge to NFT adoption milestones, including:
The launch of a permanent NFT art gallery in Ibiza featuring works by Beeple and Mad Dog Jones.
Coinbase’s layer-2 network Base, which became the third-largest blockchain for NFT trading by 30-day volume in August.
NFT markets are entering a cooling phase after two strong months, with falling buyers, sellers, and average sale prices. However, sustained transaction counts suggest the ecosystem remains active, even as market sentiment shifts.