05/11/2025 NFT Market Implodes – Even Top Collections Lose Half Their Value

The global NFT market has seen a dramatic decline, losing around 45% of its total value in just 30 days, even as overall trading activity ticked up in October.

According the information, total NFT market capitalization plunged from $6.6 billion on Oct. 5 to $3.5 billion by Nov. 5. Despite this, CryptoSlam data shows NFT sales rose 13% month-over-month, reaching $631 million in October. Notably, Bitcoin and Base NFTs stood out, gaining 9% and 24%, respectively, while other blockchains suffered steep declines.

BNB Chain and Polygon led the downturn, each losing more than 80% of their value. Ethereum, the dominant NFT network, fell 25.5%, while Solana, Immutable, and Avalanche recorded losses between 31% and 35%.

Even as NFT prices slump, key industry players are shifting focus. OpenSea announced plans to expand into a universal onchain trading hub, while Animoca Brands confirmed its intent to list on Nasdaq, signaling ongoing mainstream interest in Web3 despite the NFT cooldown.

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Interesting NFTs
#58613
By OthersideDeployer
Domestic - 2017
“Domestic is the manifestation of the cultural patriarchy in my home. The wooden "woman's" tragedy of false desire. It was done in a moment of breakup. The hollow 3d body & its lost eyes, invites you to fill up. Trying to reach out, encumbered and wrapped in its own fragility, the new mother rises."
Cultist Hood
If I get my own cool hood, then sign me up for whatever you are preaching.
The New York Times x NFT
A digital original of Kevin Roose's New York Times column, "Buy This Column on the Blockchain!" Published 3/24/21.
The Harvest
An anthropomorphic figure stands, wide eyed, staring at the viewer; its body masculine, muscular, and humanoid. Its “mind” dissociates into a conglomerate of structures resembling feathers, grain, teeth–as well as a radial flower “node”, casting linear rays throughout the composition. To his left, a vat of bodies gesture and writhe in a kind of amniotic soup, attended by a video game robot. The bot's red display reads “uWu”. Behind the robot and filling the left side of the composition is an archaic figure composed of a variety of vintage objects and symbols. Among them are a hardbound book with ancient cuneiform scripts, indicating barley, beer, bread, ox, house, and sky, behind which is a grimacing, salivating jagged toothed maw; and an old Commodore floppy drive. The figure’s head tilts toward an illuminated crescent moon, suggesting the Egyptian Sacred Bull. The archaic figure is composed of a variety of mutating cells, which shift in color, and pattern; eventually breaking free into an ephemeral broadcast of bubbles which move across the background. The work came into being against a psychological introspection, which included associations to pop culture such as alien abduction and pod people, as well as quite a bit of reflection on grains as a symbol of civilization, agriculture, sustenance, life, and imbibing (mainly whiskies).