NFT market cap falls back to pre-2021 boom levels, approaching $1.5 billion

PANews, February 6th – According to Cointelegraph, the global NFT market capitalization has fallen back below $1.5 billion, returning to pre-2021 industry boom levels. The market correction is accompanied by an intensifying imbalance between NFT supply and demand. Data shows that in 2025, the number of NFTs in circulation will increase by 25% to nearly 1.3 billion, but total sales will drop by 37% year-on-year to $5.6 billion, with the average sale price falling below $100. This indicates that lower issuance thresholds have led to a continuous increase in supply, but buyer participation and spending have failed to keep pace. The contraction of the industry is also reflected in the exit of several well-known companies and the shutdown of platforms.