Are NFTs Dead in 2026? What Happened to the Market | NFT NFTMarketplace

NFT sales have shrunk dramatically since the 2021–22 boom, but they have not disappeared. Monthly NFT trading is reported to have fallen from more than $1 billion at the 2021–22 peak to about $300 million in early 2026, a roughly 70% drop. Animoca Brands co-founder Yat Siu said NFTs aren’t “dead” because a smaller group of long-term, wealthy collectors continues to buy and hold. A 2024 NFTevening report, using NFTScan data across 5,000+ collections and 5 million transactions, found about 95% of analyzed collections effectively “dead” by activity measures and that average holders lost about 44.5%.