Skip to content
Subscriber Only

Seemingly Ubiquitous NFTs Make Up Only 1% of Crypto Universe

  • NFTs represent just a snippet of $2 trillion crypto ecosystem
  • Profile-picture NFTs are pulling in the most revenue

NFTs seem to be everywhere as of late, whether being touted by celebrities ranging from Justin Bieber to Heidi Klum, but data show they account for just 1% of the overall cryptocurrency market.

Nonfungible tokens have a combined value of about $16 billion, a sliver of the roughly $2 trillion ecosystem of thousands of digital assets, according to an analysis of NFTGo data by crypto information and research firm Messari. That’s even with some selling for millions of dollars.