Ethereum’s NFT exercise has witnessed a major downturn. Information revealed that simply 1,127 NFTs have been recorded on August 1, 2025.
This determine is the bottom within the community’s historical past.
Ethereum NFT Collapses
In its newest evaluation, CryptoQuant famous that this sharp decline demonstrated how far the sector has fallen for the reason that 2021-2022 increase, when NFTs dominated headlines and buying and selling volumes soared.
Whilst crypto markets confirmed indicators of restoration in 2024 and 2025, NFTs remained unable to seize the identical momentum. Analysts attribute the collapse to a number of elements, similar to fading investor enthusiasm, an oversupply of low-quality collections, and a decisive liquidity shift towards newer narratives similar to Layer 2 DeFi improvements and real-world asset tokenization.
Ethereum is lengthy thought of the central hub for NFTs. Therefore, the consequence of this historic low could possibly be important, which may have an effect on not solely Ethereum’s charge technology but in addition the sustainability of NFT marketplaces and the outlook for long-term holders. The grim August figures comply with a surprisingly optimistic July.
NFT July Resurgence
DappRadar had just lately revealed that NFT exercise ranges surpassed DeFi in July for the primary time in months. Buying and selling quantity inside the sector jumped 96%, and climbed to $530 million, though the full variety of gross sales slipped by 4% to five million.
Apparently, the typical worth of an NFT elevated considerably, greater than doubling from $52 in June to $105 in July, as demand for established, high-value collections intensified.
On Ethereum, Blur accounted for as a lot as 80% of every day buying and selling exercise throughout the identical interval, owing to skilled merchants and lending companies by way of its Mix platform. Alternatively, OpenSea strengthened its place because the go-to platform for broader participation, because it averaged 27,000 every day merchants and maintained sturdy cross-chain assist.
In the meantime, Coinbase’s Layer 2 community, Base has additionally emerged as one of many hottest ecosystems for NFTs since its launch two years in the past. Since January, Base NFTs have amassed $122 million in buying and selling quantity throughout 6.7 million gross sales.
