NFT Market Sees 82% Drop in Buyers, 23% Decline in Transactions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Dramatic Drop in Participants: The NFT market has seen an 82% drop in buyers, now at approximately 61,000, and a 77% decrease in sellers to 56,000, indicating a significant decline in market activity that could lead to further price drops.
- Significant Transaction Volume Decline: Total transactions have fallen by over 23%, reaching around 690,000, reflecting a broader weakening trend in the NFT marketplace that impacts liquidity and investment appeal.
- Resilience of Certain Projects: Despite the overall market downturn, CryptoPunks on Ethereum experienced a 33% increase in weekly sales, while Panini America's collection on the Panini blockchain saw a remarkable 170% rise, showcasing the resilience of specific projects.
- Market Transformation Trends: OpenSea's introduction of new curation and visibility standards may initially reduce transaction volumes but is expected to foster a more sustainable NFT ecosystem, emphasizing a strategic shift from volume to value.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
