The NFT market just staged the kind of comeback that makes “death of digital art” headlines look ridiculous. Market cap nearly doubled from $3.2 billion to $6.7 billion practically overnight, while daily trading volume exploded from under $10 million to $45.8 million. Ethereum led the charge with $96 million in sales, up 59% weekly. Blue-chip collections like CryptoPunks saw 529% volume spikes as whales dropped $8 million on single purchases, proving reports of NFTs’ demise were greatly exaggerated—and there’s more brewing beneath the surface.
After years of watching NFTs tumble into obscurity, the digital collectibles market just woke up with a vengeance. The global NFT market didn’t just recover—it exploded, surging 14% with $165 million in trading volume over the past week alone.
Remember when daily NFT trading barely scraped $10 million a month ago? Those days are gone. Daily volume now hits $45.8 million, and in one particularly wild day, total sales volume skyrocketed 303% to reach $38.7 million. The numbers don’t lie—something big is happening.
The market capitalization tells an even more dramatic story. From $3.2 billion less than a month ago, NFT market cap nearly doubled to over $6.7 billion. One 24-hour period saw a staggering 21.2% rise to $6.34 billion. Another source confirmed the market cap exceeded $6.4 billion after a 23% daily increase. Not bad for a “dead” market.
Ethereum remains the undisputed king of this revival. The blockchain generated $96 million in NFT sales—a 59% weekly increase—while Ethereum‘s price climbed to $3,800, its highest point in 2025. When Ethereum moves, NFTs follow. It’s that simple.
Other blockchains are trying to keep up. Bitcoin-powered NFTs pulled in $15 million despite a 38% weekly decline. Polygon contributed $14 million, while Mythos Chain and Binance’s BNB Chain added $9.1 million and $8.1 million respectively. Solana’s price surge to $190 also helped fuel cross-chain activity.
The blue-chip collections are where the real action is happening. CryptoPunks, Bored Apes, Moonbirds, and Pudgy Penguins saw floor prices surge double digits overnight. One whale made headlines by purchasing 45 CryptoPunks for $8 million in 24 hours. CryptoPunks led the charge with an explosive 529% increase in trading volume. The PENGU token has amplified the frenzy with its 300% surge in the past month alone. Talk about putting your money where your mouth is.
Market observers are calling this the “NFT frenzy awakening” after years of decline. Community members and experts are speculating about growing institutional involvement, with some predicting treasury vehicles and new financial products could further boost demand.
The contrast is stark—after Q1 2025’s brutal 61% volume drop, this rapid recovery has caught everyone off guard. The NFT market just proved reports of its death were greatly exaggerated.
