The global NFT market cap fell sharply over the past month, according to CoinGecko data published, showing a drop from roughly $6.6B to $3.5B in 30 days. The report noted the decline comes despite pockets of ecosystem activity and renewed interest in digital collectibles, particularly among Web3 gaming communities.
The downturn has affected major networks, with Ethereum and Solana NFT floors trending lower, though Bitcoin-based Ordinals and gaming NFTs on chains like Immutable have shown relative resilience. Analysts note that the reset is reducing inflated valuations and could pave the way for more utility-driven NFT models tied to gaming, ticketing, fashion brands and Web3 loyalty programs with real user engagement.
Market trackers expect increased experimentation with real-world assets (RWA) and brand-integrated NFTs heading into Q1 2026. Several marketplaces, including Magic Eden and OpenSea, are preparing product updates focused on on-chain interoperability and creator royalties, aiming to rebuild user trust after months of volatility.
Source: https://www.coingecko.com/en/nft/global-stats#nft-market-chart
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