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Ethereum’s NFT sector has reached a troubling milestone, recording just 1,127 NFTs on August 1, 2025—the lowest level in the network’s history. This collapse comes despite a surprising resurgence in July that saw NFT activity briefly surpass DeFi. Analysts point to shifting investor interest and market saturation as key factors behind the dramatic decline.
- July 2025 saw NFT trading volume surge 96% to $530 million with average prices doubling to $105, marking a temporary resurgence before August's historic collapse
- Blur captured 80% of Ethereum's daily NFT trading activity in July, driven by professional traders and its Blend lending platform, while OpenSea maintained 27,000 daily traders
- Coinbase's Base network has emerged as a significant NFT ecosystem with $122 million in trading volume across 6.7 million sales since January 2025
📎 Related coverage from: cryptopotato.com