ART NFTS became a hot theme in the WEB3 industry during the years 2021 and 2022, where it witnessed a popular increase. That year, trading volumes reached a peak at $ 2.9 billion, and they are nourished by record sales such as every day of People for $ 69.3 million.
It rapidly advanced to the first quarter of 2025, the market has almost collapsed, as the trading volume decreased by 93 % to $ 23.8 million and a sharp decline in active traders.
Traders in NFT industry
According to the latest Dapberdar a reportThe height of the meteorite in the ART NFTS area from 2020 to 2022 with traders only 19,615 before rising to 291,724 in 2021 – an increase of 1,386 %. This mutation was driven by the interest of the media and high -value sales and reached its climax in 2022 with 529,101 active traders.
However, in 2023, enthusiasm diminished as speculation gave the path to market corrections. This is in the end the degradation of merchants to 282,683. The decline accelerated in 2024 and left only 76,176 participants. By the first quarter of 2025, the market almost returned to pre -symbols, with 19575 merchants.
DAPPRADAR said this sharp decline was an indication of “realistic reassessment” of the ART NFT market as “the fading of speculation and the plural enthusiasts became more distinct.”
The fate of NFT art collections once
Most of the NFT groups that peak in 2021 have now faded in mystery.
Art blocs, which were once leading in the movement of obstetric art, witnessed a 95 % decrease in trading, with 88 % sales. Superrare, known for its unique artwork, has suffered a 94 % decrease in trading volume and a 98 % decrease in sales. Meanwhile, Foundation, which had previously been a prosperous market, witnessed a almost complete collapse as the trading volume decreased by 99.8 %, and sales disappear completely.
Other platforms, including Makersplace and Thermloririgin – obtained by EBay in 2022 – either closed or announced the closure. In general, the 20 best groups of NFT art collections traded from 2021 have witnessed an average decrease of 95 % in both trading and sales volume by 2024.
Despite these numbers, the DAPP radar said that “NFTS art was not dead.” Instead, this sector is simply developing from the “trading that the noise moves to a more selective and directed market.”
“Once the speculative purchase and noise that drives the whales are fueled, the market has since been subjected to a dramatic correction, the inconvenient evaluation and the creation of more stable feet. While the volume of trading and active traders has decreased significantly, this does not indicate the death of NFTS-indicates their development.”
Binance Free $ 600 (Full Details).
Limited offer for Cryptopotato readers in Bybit: Use this link to register and open a $ 500 free site on any coin!
