- Ethereum maintains NFT dominance as Bitcoin drops to 19th rank.
- Are NFTs losing their appeal?
Q1 is coming to an end, and while the quarter didn’t unfold as many anticipated, especially with Bitcoin [BTC] failing to post higher highs, there was another surprising shift in the market.
Sales of non-fungible tokens (NFTs) saw a sharp decline in the first quarter of 2025, dropping by 63% year-over-year.
Bitcoin-based NFT sales also took a major hit, falling to $291 million in 2025, marking a 79% drop from $1.4 billion in the first quarter of 2024.
In contrast, Ethereum [ETH] continues to dominate, showing a 22% weekly increase in trading volume – quite the opposite of Bitcoin’s 47% decline over the same period.
Does this indicate that Bitcoin is losing its edge in the NFT space? Could this give Ethereum a further advantage?
Declining NFT sales volume signals diminishing appeal
AMBCrypto’s analysis of the NFT marketplace indicates that Ethereum has maintained its dominance in total sales volume across multiple timeframes.
Despite a 58% monthly retracement, Ethereum’s sales volume remained robust at $142 million USD.
In contrast, Bitcoin, which initially held the second position, has now slipped to the 19th rank, reflecting an 80% contraction in NFT sales volume.
This significant retracement aligns with the overall decline in total NFT sales across all blockchains, which have seen a 43.17% reduction at the time of this writing.
This sharp contraction marks the worst month for NFT sales, contributing to the 63% quarterly pullback.
Source: CryptoSlam.IO
Key takeaway: Non-fungible tokens (NFTs), once considered a groundbreaking digital asset class, are now facing a significant market decline.
Research shows that 98% of NFT collections are barely traded. In fact, only 0.2% of NFT drops have been profitable. Most NFTs lose over 50% of their value within days.
As noted by AMBCrypto, the speculative nature of NFTs also presents notable investment risks.
Historical parallels can be drawn with collectibles like Beanie Babies, which saw a sharp decline in value after their initial surge in popularity.
Ethereum’s continued dominance amidst market decline
In January 2025, Ethereum’s NFT sales captured around 50% of the total market volume, totaling approximately $338 million.
However, Ethereum experienced a 23.84% retracement in sales volume from December 2024 to January 2025.
Ethereum’s market performance in Q1 has also been predominantly bearish, with a 45% drawdown, currently testing the critical $1,831 support zone. The $2,000 price point has become a significant resistance zone.
Source: TradingView (ETH/USDT)
Consequently, even staunch crypto advocates have revised their price targets for Ethereum in 2025, slashing expectations by 60%.
Despite ETH maintaining its dominance in the NFT sector, a 58% monthly contraction in NFT sales volume has failed to absorb sell-side liquidity – a key market driver in previous bullish phases.
If this trend persists, the prevailing bearish sentiment around Ethereum may intensify. This could undermine its relative strength over Bitcoin, diminishing its competitive edge.
- Ethereum maintains NFT dominance as Bitcoin drops to 19th rank.
- Are NFTs losing their appeal?
Q1 is coming to an end, and while the quarter didn’t unfold as many anticipated, especially with Bitcoin [BTC] failing to post higher highs, there was another surprising shift in the market.
Sales of non-fungible tokens (NFTs) saw a sharp decline in the first quarter of 2025, dropping by 63% year-over-year.
Bitcoin-based NFT sales also took a major hit, falling to $291 million in 2025, marking a 79% drop from $1.4 billion in the first quarter of 2024.
In contrast, Ethereum [ETH] continues to dominate, showing a 22% weekly increase in trading volume – quite the opposite of Bitcoin’s 47% decline over the same period.
Does this indicate that Bitcoin is losing its edge in the NFT space? Could this give Ethereum a further advantage?
Declining NFT sales volume signals diminishing appeal
AMBCrypto’s analysis of the NFT marketplace indicates that Ethereum has maintained its dominance in total sales volume across multiple timeframes.
Despite a 58% monthly retracement, Ethereum’s sales volume remained robust at $142 million USD.
In contrast, Bitcoin, which initially held the second position, has now slipped to the 19th rank, reflecting an 80% contraction in NFT sales volume.
This significant retracement aligns with the overall decline in total NFT sales across all blockchains, which have seen a 43.17% reduction at the time of this writing.
This sharp contraction marks the worst month for NFT sales, contributing to the 63% quarterly pullback.
Source: CryptoSlam.IO
Key takeaway: Non-fungible tokens (NFTs), once considered a groundbreaking digital asset class, are now facing a significant market decline.
Research shows that 98% of NFT collections are barely traded. In fact, only 0.2% of NFT drops have been profitable. Most NFTs lose over 50% of their value within days.
As noted by AMBCrypto, the speculative nature of NFTs also presents notable investment risks.
Historical parallels can be drawn with collectibles like Beanie Babies, which saw a sharp decline in value after their initial surge in popularity.
Ethereum’s continued dominance amidst market decline
In January 2025, Ethereum’s NFT sales captured around 50% of the total market volume, totaling approximately $338 million.
However, Ethereum experienced a 23.84% retracement in sales volume from December 2024 to January 2025.
Ethereum’s market performance in Q1 has also been predominantly bearish, with a 45% drawdown, currently testing the critical $1,831 support zone. The $2,000 price point has become a significant resistance zone.
Source: TradingView (ETH/USDT)
Consequently, even staunch crypto advocates have revised their price targets for Ethereum in 2025, slashing expectations by 60%.
Despite ETH maintaining its dominance in the NFT sector, a 58% monthly contraction in NFT sales volume has failed to absorb sell-side liquidity – a key market driver in previous bullish phases.
If this trend persists, the prevailing bearish sentiment around Ethereum may intensify. This could undermine its relative strength over Bitcoin, diminishing its competitive edge.
A code promo 1xBet est un moyen populaire pour les parieurs d’obtenir des bonus exclusifs sur la plateforme de paris en ligne 1xBet. Ces codes promotionnels offrent divers avantages tels que des bonus de dépôt, des paris gratuits, et des réductions spéciales pour les nouveaux joueurs ainsi que les utilisateurs réguliers.Code promo 1xbet burundi
A code promo 1xBet est un moyen populaire pour les parieurs d’obtenir des bonus exclusifs sur la plateforme de paris en ligne 1xBet. Ces codes promotionnels offrent divers avantages tels que des bonus de dépôt, des paris gratuits, et des réductions spéciales pour les nouveaux joueurs ainsi que les utilisateurs réguliers.meilleur code promo 1xbet rdc
where to get clomiphene without prescription generic clomiphene order generic clomid without a prescription buy generic clomid no prescription can you buy cheap clomiphene without rx order clomiphene without rx can i buy cheap clomid
With thanks. Loads of knowledge!
buy zithromax generic – ciplox 500 mg for sale buy metronidazole medication
rybelsus 14mg brand – how to buy semaglutide order periactin sale
domperidone for sale online – buy domperidone generic cyclobenzaprine sale
propranolol us – where can i buy propranolol buy methotrexate 5mg for sale
nexium 20mg sale – https://anexamate.com/ order esomeprazole 40mg
brand coumadin 5mg – https://coumamide.com/ order losartan online
mobic over the counter – mobo sin buy meloxicam 15mg generic
order prednisone 40mg generic – https://apreplson.com/ order deltasone 5mg sale
where to buy otc ed pills – buy cheap ed pills new ed pills
amoxicillin over the counter – comba moxi cheap amoxicillin
buy fluconazole pills – https://gpdifluca.com/ diflucan 200mg us
cenforce oral – cenforce rs buy cenforce 50mg without prescription
is generic tadalafil as good as cialis – this buying cialis online canadian order
cialis dosage side effects – purchasing cialis cialis soft tabs canadian pharmacy
order zantac for sale – https://aranitidine.com/# buy ranitidine no prescription
viagra buy online no prescription uk – order generic viagra cialis where can i buy viagra in la
I am in point of fact thrilled to gleam at this blog posts which consists of tons of worthwhile facts, thanks representing providing such data. https://gnolvade.com/
The vividness in this tune is exceptional. azithromycin sale
Greetings! Extremely productive suggestion within this article! It’s the petty changes which will obtain the largest changes. Thanks a a quantity towards sharing! https://ursxdol.com/cenforce-100-200-mg-ed/
More posts like this would make the blogosphere more useful. https://prohnrg.com/product/loratadine-10-mg-tablets/
This is the kind of delivery I unearth helpful. https://aranitidine.com/fr/levitra_francaise/