Art NFT Market Crashes: Trading Volumes Plummet 93% Since 2021
Art NFT trading has witnessed a significant downturn in recent years. In 2024, trading volume hit a record low of $197 million on the stock market today, a stark contrast to the $2.9 billion peak in 2021. Meanwhile, Bitcoin-based NFTs, known as Ordinals, have gained traction on tradingview, with average prices surging from $63.45 in 2023 to $633.24 in Q1 2025.
The Art NFT market's decline is evident across various metrics. The average price of an Art NFT, which peaked at $2,044 in 2021, has plummeted to $645.34 in Q1 2025. Major platforms like Art Blocks and SuperRare have seen trading volumes drop by over 90% on the stock market today, with sales following suit. The number of active traders has also nosedived, from a peak of 529,101 in 2022 to a mere 19,575 in Q1 2025.
Despite the Art NFT market's struggles, Bitcoin-based NFTs, or Ordinals, have gained popularity on tradingview. Their average prices have increased significantly, from $63.45 in 2023 to $633.24 in Q1 2025. Corporate engagement in NFTs is also expected to grow, with FutureSmart Holdings AG planning strategic blockchain and NFT developments by Q4 2025.
The Art NFT market has experienced a dramatic collapse, with trading volumes plummeting by 93% on the stock market today since 2021. While Bitcoin-based NFTs have gained traction on tradingview, the overall NFT landscape faces significant challenges. As corporate interest in NFTs grows, the market awaits signs of recovery.
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