NFT art sales decreased from $ 2.9B in 2021 to $ 24 million in 1Q -Report

The token art market, which is unprecedented in the world, has been swinging up and down since 2020 before it has evolved from niche to the mainstream craze since its founding in 2020. According to in -depth analysis, the NFT art market has decreased by more than 90%, and trading volume has dropped from $ 2.9 billion in 2021 to $ 23.8 million in the first quarter of 2025, which will discuss what is wrong in this article.

NFT art sales declined to Q1, down +90% since 2021.

On March 27, 2025, DAPPRADAR, a digital asset platform, provided a report on the NFT art market by providing data and insights to users and industry partners while providing comprehensive hubs for discovering, NFTS, Defi projects and other WEB3 assets. According to the data analysis report, the sales volume of the NFT art market plummeted more than 90%, dropping from $ 2.9 billion to $ 23.8 million in the first quarter of 2025.

In 2021, the Art NFTS recorded 2.9b. This quarter? Just 23.8m.

From BEEPLE’s $ 69 million masterpiece to 93% conflict in transactions -What happened to the NFT Art Boom?

We dug up the data and are more than just an overall advertising cycle.
Full analysis Downhttps: //t.co/wgo83ltqm9

-Dappradar (@dappradar) March 28, 2025

The token art market, which had no swear words, debuted in early 2020, and its trading volume reached $ 28.7 million and more than 101,000 sales in Ether Leeum. As a pioneering blockchain network of NFT space, Ethereum set the foundation for the foundation of digital art. The NFT Art Market reached a big milestone shortly after the start of the art block in November 2020. This art collection led the production art to a spotlight and attracted artists and collectors to mark the turning point of the digital art environment.

In the late 2021 and early 2022, the NFT art market was so popular that it became one of the most discussed topics in the NFT industry. During this NFT Market Bull Run, the art sector provided unprecedented creative and financial independence, creating a new digital economy and pushing the global NFT market evaluation to a special height. For the first time, the traditional art market has attracted mainstream attention and attention.

The rapid growth of the NFT art market matched the global shifts led by the Covid-19 Pandemic to accelerate the adoption of the digital platform and forced NFT artists to explore innovative methods for relationships with the audience. In late 2021, the ART NFT gained massive traction, and the volume of trading increased +10,000% year -on -year to $ 2.9 billion. In early 2022, the NFT Art Market saw some NFTs selling them as a defeat.

The most expensive and symbolic NFT sold in the historic NFT marker Bull Run in 2021-2022 is BEEPLE’s “Everydays: The First 5000 Days”, Beeple’s “Human One”, and Beeple’s “Human One” for $ 28.9 million It was sold and XCOPY’s “right click and storage” was sold for $ 70 million. DMITRI CHERNIAK has been sold for $ 69.3 million.

Since mid -20022, the ART NFT market has lost its initial momentum, and trading volume has decreased 19% year -on -year, but the trading volume is $ 23.8 billion, down 19% year -on -year. This difference between the volume of trading and the number of sales has shown that the average NFT floor price has fallen sharply as over -advertising begins to disappear. The recession continued in 2023 and 2024, and the amount of art trading plunged 93% to $ 110 million in history.

Three years later, over -advertising on Art NFTS plunged significantly. In 1,2025, the trading volume of Art NFTS fell to $ 23.8 million. Even if this year is not over, this figure indicates that the ART NFT is still struggling to restore relevance. 2021-2022 The rapid decrease in art NFT in the Golden Age reflects the decrease in death and investment in investment. Flungji also suggests that market sentiment can change and all landscapes can be left uncertain.

What is wrong?

Based on the findings of DAPPRADAR, NFT Art Market had a high demand and seller in 2022, and a strong competition, raising the floor price and trading sales volume. In 2022, the ratio was more balanced, and as the speculation grew, the ratio increased as transactions and activities increased. In 2023, buyers and sellers have balanced and signed a more mature and less speculative market.

Unfortunately, last year, the number of sellers with steady sellers and the rapid decline of buyers emphasized the efforts to reduce demand and clear assets. In the last three months, the market has experienced a prudent but stable environment, and a small but consistent collector community has been activated. As the NFT industry develops, the Arts NFT is ready to flourish with a sophisticated and flexible part of a wider NFT ecosystem.

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