Trea***NFT also facing some challenges.
The NFT market begins 2025 on a bitter note, with a brutal drop of 63% in sales. Industry icons, such as CryptoPunks and Bored Ape Yacht Club, are collapsing drastically! Yet, amidst this chaos, some unexpected collections are emerging, redefining the rules of an ecosystem in full transition.
In the first quarter of 2025, Bitcoin and Ethereum exhibited catastrophic performances! And they are not alone, as the non-fungible tokens (NFT) market also experienced a significant decrease, with sales dropping by 63% compared to the same period in 2024, reaching $1.5 billion against $4.1 billion the previous year. March was particularly hard hit, recording a 76% drop in sales, from $1.6 billion in March 2024 to $373 million in March 2025.
