儘管銷售量下降了63％，但一些意想不到的NFT收集正在出現，重新定義了一個充分過渡的生態系統規則。

NFT市場開始於2025年開始，令人痛苦的是，銷售量為63％。工業偶像，例如加密郵輪和無聊的猿遊艇俱樂部，正在崩潰！

The NFT market begins 2025 on a sour note, with a brutal 63% drop in sales compared to the same period in 2024, converging to $1.5 billion. Industry icons, such as CryptoPunks and Bored Ape Yacht Club, are collapsing drastically! Yet, amidst this chaos, some unexpected collections are emerging, boasting impressive sales gains and redefining the rules of an ecosystem in full transition.

NFT市場從2025年開始時開始，與2024年同期相比，銷售額下降了63％，匯聚至15億美元。工業偶像，例如加密郵輪和無聊的猿遊艇俱樂部，正在崩潰！然而，在這種混亂之中，一些意外的收藏正在出現，具有令人印象深刻的銷售增長，並重新定義了一個充分過渡的生態系統規則。

NFTs: a market in free fall despite some resistors

NFTS：儘管有一些電阻，但自由跌倒的市場

In the first quarter of 2025, Bitcoin and Ethereum displayed catastrophic performances! They are not alone, as the non-fungible tokens (NFT) market also experienced a significant decrease, with sales declining by 63% compared to the same period in 2024, reaching $1.5 billion.

在2025年第一季度，比特幣和以太坊表現出災難性的表演！他們並不孤單，因為不可殺死的令牌（NFT）市場也經歷了顯著下降，銷售額下降了63％，而2024年的同期則達到了15億美元。

March was particularly hard hit, registering a 76% drop in sales, going down from $1.6 billion in March 2024 to $373 million in March 2025.

3月受到特別嚴重的打擊，銷售額下降了76％，從2024年3月的16億美元下降到2025年3月的3.73億美元。

Despite this general downward trend, some NFT collections managed to stand out and record notable gains. Pudgy Penguins, for example, saw its sales rise to $72 million in Q1 2025, a 13% increase from the $63.5 million recorded during the same period in 2024.

儘管這種普遍的下降趨勢，但一些NFT收集還是設法脫穎而出並記錄了顯著的收益。例如，矮胖的企鵝在2025年第一季度的銷售額上漲至7200萬美元，比2024年同期記錄的6350萬美元增長了13％。

Similarly, Doodles saw its sales rise from $22.6 million to $32 million, an increase potentially linked to its growing presence in the mainstream and a recent collaboration with McDonald’s. As for Milady Maker, an NFT collection based on Ethereum, it experienced the largest percentage increase, with a 58% rise in its sales volume.

同樣，塗鴉的銷售額從2260萬美元增加到3200萬美元，這可能與它在主流中的不斷增長以及最近與麥當勞的合作有關。至於基於以太坊的NFT系列Milady Maker，其銷量增長了58％，其百分比增長最大。

The giants are wobbling…

巨人在搖擺……

On the other hand, other major collections experienced declines in their sales. CryptoPunks generated $60 million in Q1 2025, a 47% decrease from the $114 million recorded during the same period in 2024. The decline was even steeper for Bored Ape Yacht Club (BAYC), with a 61% drop in sales volume, going down from $78 million to $29.8 million.

另一方面，其他主要收藏館的銷售下降。 Cryptopunks在第1季度的2025年產生了6000萬美元，比2024年同期記錄的1.14億美元下降了47％。無聊的APE遊艇俱樂部（BAYC）的下降甚至更高，銷量下降了61％，從7,800萬美元下降到298億美元。

Furthermore, Bitcoin-based NFTs saw their average price increase despite a significant decline in total sales volume. In Q1 2025, the average value of NFTs on Bitcoin reached $633.24, compared to $559.05 in 2024 and $63.45 in 2023. However, Bitcoin-based NFT sales plummeted dramatically to $291 million, a 79% decrease from the $1.4 billion recorded during the first quarter of 2024.

此外，儘管總銷量顯著下降，但基於比特幣的NFT仍將其平均價格上漲。在2025年第1季度，比特幣的NFT的平均價值達到633.24美元，而2024年為559.05美元，2023年的平均價值為63.45美元。但是，基於比特幣的NFT銷售急劇下降到2.91億美元，降至2.291億美元，從第一季度第一季度的2024年第一季度的14億美元記錄下降了79％。

As the overall NFT market flounders, a few collections manage to assert themselves and capture public attention. This resilience in the face of the storm signals a new era for NFTs: more selective, mature, and only strong brands and innovative projects will emerge, much like Bitcoin miners after the trap awaiting them in a few days.

作為NFT市場的總體比目魚，一些收藏品設法主張自己並引起公眾的關注。面對暴風雨的這種韌性標誌著NFT的新時代：更具選擇性，成熟，只有強大的品牌和創新項目將出現，就像陷阱在幾天后等待陷阱之後，非常類似於比特幣礦工。