Whether you could ever love them or not, the NFT market is returning with a vigorous boom. This revival is largely attributed to a greater bullish sentiment across the cryptocurrency space. Daily sales across the entire NFT space have surged, soaring by 191% to climb above $46 million. Market capitalization has rung up some impressive gains, over $6 billion of it, a 28% gain in less than 24 hours.
This resurgence in NFT interest aligns with the resurgence of major cryptocurrencies such as Ethereum and Solana. Ethereum price printed a 2025 high of $3,800. Solana surged to $190, its highest in five months.
The CryptoPunks collection, arguably the most well-known blue-chip NFT project, has been leading the charge in this recent rally. CryptoPunks NFTs floor price rose by 16.5% within the last 24 hours, now at 47.7 ETH. One unnamed investor made headlines this week by buying 45 NFTs from the CryptoPunks collection. Collectively, they spent more than 2,080 ETH – a jaw-dropping total of $7.8 million.
Vincent Liu, an expert in the digital asset space, believes that such large-scale acquisitions by whales signal the robustness of blue-chip NFTs. For one, he thinks the purchases signal a broader growing appetite among big investors, including pension funds and insurance companies. All of this recent market activity indicates a resurgence of confidence in the long-term value and potential of established NFT collections.
It is easy to find NFT Trade Volume by Chain data for anyone looking to track the NFT market. Bulls and bears alike surely are watching these metrics closely. They’re looking for a high level picture of the overall health and direction of the NFT market. The report’s detailed blockchain-by-blockchain trading activity deep dive helps provide critical market activity context as major dollar amounts trade hands daily.
Cryptocurrency values have been climbing explosively in parallel with a resurgence of interest in NFTs. This convergence indicates that a thrilling new age of expansion and invention in the digital asset domain lies just ahead. We all know the market is fast-changing. This potent dance partnership between cryptocurrencies and NFTs will undoubtedly shape the fate of digital possession and investment for years to come.
