NFT Market Recovers As Bitcoin and Other Cryptocurrencies Surge

The global non-fungible token market has experienced a significant increase in daily trading sales volume, reaching more than $20 million

The global non-fungible token market has experienced a significant increase in daily trading sales volume, reaching more than $21 million over the past day. This marks a 41% rise compared to the previous day's $13 million. The surge in NFT sales coincides with notable gains in Bitcoin and other cryptocurrencies. The flagship crypto "Bitcoin" has climbed past $100,000 for the first time in months.

NFTs Jump +40% In Daily Sales Volume

Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and multi-chain non-fungible token collection explorer, confirms that the global non-fungible token market has made positive gains today after suffering a brutal meltdown in the past several months. In the past 24 hours, the global NFT market has attracted a trading sales volume of $21 million, up 41% from the past day.

Ethereum, the blockchain network renowned for powering the majority of NFT collections, led the charge today with a trading sales volume of $9.2 million, reflecting a 118% increase from the previous day. Polygon, an Ethereum scaling blockchain network, follows the Ethereum network closely with a daily trading sales volume of $2.7 million. Nonetheless, the Polygon NFT sales volume has plunged 10% from the past day.

Other blockchain networks, including Mythos Chain, Bitcoin, and Solana, have also recorded +10% growth today. In the past 24 hours, Mythos Chain-based has recorded a sales volume of $2.4 million, while the Bitcoin-based NFT collections recorded a trading sales volume of $1.9 million. The Solana-based NFT collections have amassed a trading sales volume of $1.3 million.

Is the NFT Bear Market Over?

The recent surge in non-fungible token trading sales volume comes as the market shows signs of recovery, breaking a prolonged downturn in monthly sales. The NFT market began showcasing cracks in January 2025 after falling by over 30% in sales volume to 679 million. Since then, the NFT sales have tanked drastically, flipping from $679 million to just $430 million in April 2025. The recent bullish momentum in NFT sales could mark the end of the recent NFT bear market.

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