As the crypto market prepares for turbulence amid the tariff wars, the NFT market seems to be in a worse position.
Trading volumes are declining and marketplaces shutting down.
The once-hyped world of non-fungible tokens, which analysts once boldly projected could balloon to over $264 billion by 2032, now seems to be limping along. Weekly trading volumes have been falling like dominoes for weeks, scaring off capital and dragging the market back to levels not seen since its explosive 2020 debut.
Art NFTs yearly trading volume and sales count | Source: DappRadar
Blockchain analytics firm DappRadar shows that trading volumes in 2021 were riding high, hitting nearly $3 billion.
Fast-forward to the first quarter of 2025. That figure has nosedived 93% to just $23.8 million as “active traders have vanished,” blockchain analyst Sara Gherghelas noted.#NFT #StopLossStrategies #NFTBNB $BNB