Buyers and sellers decline as average NFT sale prices drop 30%
Sales volume hits three-month low
The NFT market cooled in the first week of September, with total sales volume dropping to $91.96 million, according to data from CryptoSlam. This marks the lowest weekly sales figure since June 16–22, when sales briefly fell to $90 million.
The downturn comes after two months of strong momentum. From late July through August, NFT sales consistently stayed above $115 million per week, peaking at $170 million between July 21–27 — the third-highest weekly figure of 2025.
Sharp decline in buyers and sellers
The number of unique NFT buyers fell to 199,821 last week, representing a 58% decline from the 487,000 buyers recorded in mid-June.
Meanwhile, unique sellers dropped to 145,877, down 43% from 258,803 during the same June period. This contraction indicates waning participation from both sides of the market.
Prices fall alongside activity
The average NFT sale price fell by 30% in just two weeks, dropping from $104 in August to $72 in early September. Despite this, overall transaction counts remained strong at 1.27 million, suggesting that traders are still active but moving toward lower-value NFTs.
What drove earlier momentum?
NFT sales growth in July and August was fueled by increasing mainstream adoption. DappRadar analyst Sara Gherghelas pointed to examples such as:
- The launch of a permanent NFT art gallery in Ibiza, showcasing creators like Beeple and Mad Dog Jones.
- Rising activity on Coinbase’s Base network, which became the third-largest blockchain for NFT trading in August.
While recent data shows weakening buyer demand and falling prices, continued transaction activity suggests that NFTs remain a significant part of crypto trading culture. Analysts say the market may be entering a consolidation phase, where long-term projects and utility-driven NFTs could outlast speculative hype cycles.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.