The NFTs market is erupting once again, with daily NFT sales up 191% to $46 million. This wave brings the overall NFT sector capitalization to over $6 billion. That’s quite a feat, it’s actually an amazing 28% jump in only 24 hours, wow. The demand side of the market is demonstrating incredible strength. This massive increase comes amidst a greater bullish wave in the cryptocurrency industry, underscored by impressive records set by Ethereum and Solana.
Leading this NFT explosion are known “blue-chip” collections such as CryptoPunks. The floor price for CryptoPunks NFTs increased by 16.5% in just one day, hitting 47.7 ETH.
Most obviously, one anonymous investor made a big splash by acquiring 45 CryptoPunks, totaling well over 2,080 ETH, or just over $7.8 million. It is a big vote of confidence in the value and potential of these high-end NFTs that this investment represents.
Ethereum’s rebound from the crypto winter is playing a part in this current bullishness surrounding NFTs, too. The cryptocurrency’s strength and investor confidence propelled it to a 2025 high of $3,800. Likewise, Solana has jumped to $190, its best price in five months.
The NFT rush greatly contributes to the Ethereum & Solana pump. The vast majority of the most interesting NFT projects in the world are being developed on these potent blockchains. Vincent Liu thinks that this kind of “whale” buying activity we’ve seen recently reflects the power of blue-chip NFTs. He points to an increasing interest from big-time investors in this market.
Data on NFT trade volume by chain provides further insights into the market's dynamics and the platforms driving the most activity. What is clear is that the market’s overall direction indicates increased excitement and capital is returning to the NFT space.
