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I've noticed something interesting in the NFT market over the past few days. NFT sales on Bitcoin really plummeted in February, with only $24.4 million in trades. That's the lowest figure since March 2023, indicating a quite significant downward trend. Transactions also dropped to around 50,854, with just over 10,000 unique buyers and sellers.
What’s striking is the contrast with Ethereum. Meanwhile, Ethereum-based NFTs exceed $200 million, reaching a new monthly record since November 2025. The Ethereum NFT market records nearly 152,632 transactions, with about 21,700 unique buyers and sellers. There’s really an interesting divergence between these two blockchains right now.
It shows that NFTs are not disappearing, but they are clearly focusing on Ethereum. Bitcoin NFTs seem to be going through a tough period, while Ethereum is rebounding strongly. To be continued to see if this trend persists.