Is NFT Mania Coming Back? Sector Adds $1 Billion in a Day
2025-07-21 07:26:15
Main Idea
NFTs are experiencing a market revival with significant increases in market capitalization and trading volume, driven by Ethereum's recent price surge and renewed interest in popular collections.
Key Points
1. NFT market capitalization surged from $5.1 billion to $6.3 billion, a 20% increase in 24 hours, with daily trading volume spiking 287% to $37.4 million.
2. CryptoPunks led the revival with a 16% increase in floor price to 47.5 ETH ($179,000) and over $14 million in sales in 24 hours.
3. Pudgy Penguins saw a 15% rise in floor price to 16.6 ETH, with $5.7 million in daily volume, while other Ethereum-based NFTs like Infinex Patrons and Bored Ape Yacht Club also saw significant gains.
4. YOU THE REAL MVP, a private Memeland NFT group, surged 1,280% with floor prices reaching 69 ETH.
5. Experts suggest the NFT resurgence correlates with Ethereum's recent price increase, with Animoca Brands' Yat Siu noting similarities to the 2021 'NFT season' when ETH peaked.
Description
NTFs are seeing what could be the start of a market revival as their market capitalization surges on the day. The big move was observed by crypto analytics platform CoinGecko, which reported a market cap jump from $5.1 billion to $6 billion. At the time of writing, NFT market capitalization had gained more than 20% over the past 24 hours and was at $6.3 billion, with a massive 287% spike in daily trading volume to $37.4 million, reported to CoinGecko. The NFT market cap just pumped 17% in a day ...
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