NFT Sales Fall +24% In January 2025

The non-fungible token market has plummeted in January after the initial market hype that fueled its resurgence in November 2024 faded.

The non-fungible token market has plummeted in January after the initial market hype that fueled its resurgence in November 2024 faded. In the past 30 days, the global non-fungible token market has recorded a trading sales volume of $678 million, down 24% from December 2024. In this article, we shall explore the full state of the NFT market in January and what collectors and traders should expect in the market in February and beyond.

NFT Sales Fall +24% In January 2025

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, shows that the global non-fungible token market has slightly plummeted in trading sales volume and floor price values. In the past 30 days, the global non-fungible token market has recorded a trading sales volume of $678 million, down 24% from the past month. In December 2024, the NFT market raised a sales volume of $901 million.

Ethereum, the blockchain network renowned in the NFT market for hosting the majority of blue-chip non-fungible token collections, was the most traded blockchain network in the NFT market in January. In the past 30 days, the Ethereum-based NFTs have recorded a trading sales volume of over $339 million. During this period, the Ethereum NFT trading sales volume has plunged by 36% from the previous month.

Bitcoin, the blockchain network renowned in the NFT market for powering the popular Runes, BRC-20, and Ordinal collections, was the second most-traded blockchain network in the NFT market in January. In the past 30 days, the Bitcoin-based NFT collection has raised a trading sales volume of $111 million. During this time, the Bitcoin NFT sales volume has plunged by 40% from the past month.

Solana, a decentralized blockchain network renowned for hosting a variety of smart contracts for non-fungible token collections, was the third most-traded blockchain network in the NFT market in January. In the past 30 days, the Solana-based NFT collections have recorded a trading sales volume of $81 million. During this time, the Solana NFT trading sales volume has fallen by 27% from the past month.

Mythos Chain, a blockchain network created to ensure secure and efficient transactions across the entire Mythos gaming ecosystem, was the fourth most-traded blockchain network in the NFT market in January. In the past 30 days, the Mythos Chain-based NFT collections have recorded a trading sales volume of $34 million. During this time, the Mythos Chain NFT trading sales volume has plunged by 17.92% from the past month.

Immutable, an Ethereum scaling solution blockchain network renowned for powering top games like Guild of Guardians, has been the fifth most-traded blockchain network in the NFT market in January. In the past 30 days, the Immutable-based NFT collections have amassed a trading sales volume of $31 million. During this time, the Immutable NFT trading sales volume has plunged by 13% from the past month, closing our five top-traded NFT blockchain networks in January.

Top Selling NFTs In January 2025

1. Azuki NFT collection

Azuki, a globally acknowledged non-fungible token collection from the digital asset firm Chiru Labs featuring a limited set of 10,000 anime-themed NFTs hosted on the Ethereum blockchain network, was the top most-traded NFT collection in the NFT market in January. In the past 30 days, the Azuki NFT collection has amassed a trading sales volume of $56 million, up 41% from the past month.

The impressive growth in the Azuki non-fungible token market was fueled by the recent ANIME launch. $ANIME, backed by the popular Azuki NFT community and Berachain, is a culture coin empowering global anime fans to create, own, and shape its future. Anime is hand-drawn and computer-generated animation originating from Japan. $ANIME is now one of the most traded NFT coins in the meme-coin market.

The ticker is $ANIME. January 2025.

Details below. pic.twitter.com/lccpWXg8hO

— ANIME (@animecoin) January 13, 2025

2. Pudgy Penguins NFT Collection

Pudgy Penguins, another globally acknowledged non-fungible token collection from the digital asset firm Igloo Inc. featuring a fixed supply of 8,888 cute penguin cartoon birds hosted on the Ethereum blockchain network, has been the second most-selling NFT collection in the NFT market in January. In the past