NFT Market Valuation Plummets 50% in 30 Days Amid Volatility

2025-11-05 18:46

The NFT market has experienced a dramatic valuation drop, halving from $6.6 billion to $3.5 billion over the past month, according to CoinGecko data. This decline comes despite a 13% increase in trading volume, which reached $631 million in October. Blue-chip NFT collections such as Bored Ape Yacht Club (BAYC) and CryptoPunks have seen significant floor price reductions amid broader market volatility. Blockchain networks have shown mixed results during this period. Bitcoin and Base NFTs have recorded gains, while BNB Chain and Polygon have suffered substantial declines, with valuations dropping by 82% and 86%, respectively. The market's fragility highlights ongoing challenges despite increased trading activity.

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