CRYPTO NEWS · NFT
NFT Market 2026 — Dead, Dormant, or Just Repositioning?
NFT trading volumes are down 87% from the 2022 peak. The thing nobody is talking about: what’s left looks healthier than the boom did.
Total monthly NFT volumes hover around $260M in April 2026, vs the $4.6B peak in January 2022. The retail-speculator ecosystem is gone.
Surviving usage is qualitatively different. Gaming NFTs (Sky Mavis, Ronin-based titles, Immutable) account for roughly 35% of monthly active wallets. Music NFTs and ticketing have small but stable usage.
The Bytes Take
NFT speculation cycle is dead. NFT-as-utility category is small but legitimate. Stop covering them as the same thing.
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