Ethereum NFT Activity Plummets to Record Lows in 2025

Ethereum’s NFT market witnessed a historic decline in 2025, marked by a drastic decrease in daily mints and trading activity across major platforms. This downturn reflects the broader economic climate and shifts in user preferences. X2Y2, one of the leading platforms for NFTs, is even undergoing a strategic pivot away from this sector, citing a significant drop in market transactions. The move marks a turning point in platform dynamics as they focus on other emerging technologies within blockchain. ]