尽管销售量下降了63％，但一些意想不到的NFT收集正在出现，重新定义了一个充分过渡的生态系统规则。

NFT市场开始于2025年开始，令人痛苦的是，销售量为63％。工业偶像，例如加密邮轮和无聊的猿游艇俱乐部，正在崩溃！

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市场从2025年开始时开始，与2024年同期相比，销售额下降了63％，汇聚至15亿美元。工业偶像，例如加密邮轮和无聊的猿游艇俱乐部，正在崩溃！然而，在这种混乱之中，一些意外的收藏正在出现，具有令人印象深刻的销售增长，并重新定义了一个充分过渡的生态系统规则。

NFTs: a market in free fall despite some resistors

NFTS：尽管有一些电阻，但自由跌倒的市场

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，比特币和以太坊表现出灾难性的表演！他们并不孤单，因为不可杀死的令牌（NFT）市场也经历了显着下降，销售额下降了63％，而2024年的同期则达到了15亿美元。

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月受到特别严重的打击，销售额下降了76％，从2024年3月的16亿美元下降到2025年3月的3.73亿美元。

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.

尽管这种普遍的下降趋势，但一些NFT收集还是设法脱颖而出并记录了显着的收益。例如，矮胖的企鹅在2025年第一季度的销售额上涨至7200万美元，比2024年同期记录的6350万美元增长了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.

同样，涂鸦的销售额从2260万美元增加到3200万美元，这可能与它在主流中的不断增长以及最近与麦当劳的合作有关。至于基于以太坊的NFT系列Milady Maker，其销量增长了58％，其百分比增长最大。

The giants are wobbling…

巨人在摇摆……

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，其他主要收藏馆的销售下降。 Cryptopunks在第1季度的2025年产生了6000万美元，比2024年同期记录的1.14亿美元下降了47％。无聊的APE游艇俱乐部（BAYC）的下降甚至更高，销量下降了61％，从7,800万美元下降到298亿美元。

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，尽管总销量显着下降，但基于比特币的NFT仍将其平均价格上涨。在2025年第1季度，比特币的NFT的平均价值达到633.24美元，而2024年为559.05美元，2023年的平均价值为63.45美元。但是，基于比特币的NFT销售急剧下降到2.91亿美元，降至2.291亿美元，从第一季度第一季度的2024年第一季度的14亿美元记录下降了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.

作为NFT市场的总体比目鱼，一些收藏品设法主张自己并引起公众的关注。面对暴风雨的这种韧性标志着NFT的新时代：更具选择性，成熟，只有强大的品牌和创新项目将出现，就像陷阱在几天后等待陷阱之后，非常类似于比特币矿工。