Despite a 63% decline in NFT sales, Ethereum maintained a robust market presence. Its sales volume reached 142 million USD, reflecting resilience compared to Bitcoin’s drastic drop.

Bitcoin’s NFT sales plummeted to 291 million USD, down 79% from 1.4 billion USD in the previous year. This substantial fall positioned Bitcoin as less competitive in the NFT market.

The NFT market overall faced a significant downturn, with 98% of collections showing little trading activity and most NFTs losing substantial value soon after purchase.