Ethereum NFT Activity Plummets to Lowest Level Ever Recorded

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 noted that this sharp decline demonstrated how far the sector has fallen because the 2021-2022 growth, 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, reminiscent of fading investor enthusiasm, an oversupply of low-quality collections, and a decisive liquidity shift towards newer narratives reminiscent of 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 may very well be important, which may have an effect on not solely Ethereum’s payment era but additionally the sustainability of NFT marketplaces and the outlook for long-term holders. The awful August figures comply with a surprisingly constructive July.

NFT July Resurgence

DappRadar had not too long ago 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 entire variety of gross sales slipped by 4% to five million.

Curiously, the typical value 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 day by day buying and selling exercise throughout the identical interval, owing to skilled merchants and lending providers by way of its Mix platform. However, OpenSea strengthened its place because the go-to platform for broader participation, because it averaged 27,000 day by 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.