Ethereum’s NFT activity has witnessed a significant downturn. Data revealed that just 1,127 NFTs were recorded on August 1, 2025.
This figure is the lowest in the network’s history.
Ethereum NFT Collapses
In its latest analysis, CryptoQuant noted that this sharp decline demonstrated how far the sector has fallen since the 2021-2022 boom, when NFTs dominated headlines and trading volumes soared.
Even as crypto markets showed signs of recovery in 2024 and 2025, NFTs remained unable to capture the same momentum. Analysts attribute the collapse to several factors, such as fading investor enthusiasm, an oversupply of low-quality collections, and a decisive liquidity shift toward newer narratives such as Layer 2 DeFi innovations and real-world asset tokenization.
Ethereum is long considered the central hub for NFTs. Hence, the consequence of this historic low could be significant, which could affect not only Ethereum’s fee generation but also the sustainability of NFT marketplaces and
We współpracy z: https://cryptopotato.com/ethereum-nft-activity-plummets-to-lowest-level-ever-recorded/
