NFT Market Capitalization Dips to 2021 Pre-Hype Figures Below $1.5B

The NFT market cap has retreated to 2021 levels, dropping to approximately $1.5 billion, despite a surge in minting activity.

The current state of the NFT marketplace has seen a significant decline, with its capitalization now hovering around the $1.5 billion mark, reminiscent of the pre-hype era of 2021. This drop comes alongside a notable increase in NFT minting activities during 2025, even as the volume of sales has experienced a sharp downturn.

This paradoxical scenario has resulted in a larger number of tokens vying for a diminishing pool of buyers, signaling a potential oversaturation in the market. The influx of new NFTs, juxtaposed with the decrease in consumer interest, raises questions about the sustainability and future growth of the NFT sector.