The market for non-fungible tokens failed to match the broader rally in crypto assets last year, with new figures showing the digital collectables recorded their worst year for trading volume and sales since 2020.

Sales of the digital collectables fell 18 per cent to 49.8 million, while the trading volume dropped 19 per cent to $US13.7 billion compared to the previous year, a report from blockchain analytics platform DappRadar found.