Ethereum NFT activity collapses to the lowest level ever registered

Ethereum’s NFT activity has witnessed a significant recession. The data revealed that only 1,127 NFT were recorded on August 1, 2025.

This figure is the lowest in the history of the network.

Ethereum NFT collapse

In his last analysis, Cryptoquant said that this acute decrease demonstrated to what extent the sector has fallen from the 2021-2022 boom, when NFTS dominated the holders and commercial volumes shot up.

Even when cryptographic markets showed recovery signs in 2024 and 2025, NFTs could not capture the same impulse. Analysts attribute the collapse to several factors, such as the enthusiasm of the investors that vanished, an excess of supply of low quality collections and a change of decisive liquidity towards newer narratives, such as innovations defi de Layer 2 and tokenization of real world assets.

Ethereum is considered for a long time the central center for NFT. Therefore, the consequence of this historical minimum could be significant, which could affect not only the generation of Ethereum rates but also the sustainability of NFT markets and the prospects for long -term holders. The gloomy August figures follow a surprisingly positive July.

Julio Nft resurgence

Dappradar had recently revealed that NFT activity levels exceeded Defi in July for the first time in months. The volume of negotiation within the sector increased by 96% and rose to $ 530 million, although the total number of sales fell by 4% to 5 million.

Interestingly, the average price of an NFT increased significantly, more than double $ 52 in June to $ 105 in July, as the demand for established high value collections intensified.

In Ethereum, Blur represented up to 80% of the daily commercial activity during the same period, due to professional merchants and loan services through its mixing platform. On the other hand, Opensa strengthened its position as the reference platform for a broader participation, since it averaged 27,000 daily merchants and maintained a strong cross chain support.

Meanwhile, Coinbase layer 2 network has also become one of the most popular NFT ecosystems since its launch two years ago. Since January, Base NFTS has accumulated $ 122 million in negotiation volume at 6.7 million sales.