According to CoinMarketCap, the NFT market cap fell to $2.5 billion in December 2025, the lowest level of 2025 and 72% below January’s $9.2 billion peak, source: CoinMarketCap (Twitter, Dec 26, 2025). Weekly NFT sales failed to surpass $70 million throughout December, signaling subdued turnover and thin liquidity for NFT traders, source: CoinMarketCap (Twitter, Dec 26, 2025). These conditions typically mean slower price discovery, wider spreads, and higher slippage risk when entering or exiting NFT positions, which encourages tighter risk controls and selective execution, source: CoinMarketCap (Twitter, Dec 26, 2025).

According to @Zac_Pundi, the NFT market cap is above $7.6 billion, signaling that NFTs are waking up, source: @Zac_Pundi on X, Aug 15, 2025. According to @Zac_Pundi, this cycle prioritizes on-chain data over collectibles, with trading-relevant utilities including dataset tokenization, ownership monetization, and zero-code control via Pundi AI’s Data Pump, source: @Zac_Pundi on X, Aug 15, 2025. According to @Zac_Pundi, Pundi AI is pushing NFTs toward data-centric applications, indicating a narrative shift within NFT infrastructure and data NFTs, source: @Zac_Pundi on X, Aug 15, 2025.

According to Trevor.btc, six of the top ten NFT projects by market cap are utility-focused, a fact that early investors in these projects leveraged to achieve significant financial gains. This insight is crucial for Bitcoin Ordinals traders who might not be aware of the potential in utility-based NFTs.

According to Milk Road, the NFT market cap has declined by more than 90% since 2021, as has the sales volume. This significant drop in market performance indicates a challenging environment for NFT trading. Traders should consider the current market conditions and historical performance before making investment decisions. Source: Milk Road.