NFT market cap has surpassed $6 billion, marking its most significant resurgence since the last crypto cycle. The surge is led by renewed activity in high-profile collections and a broader rally in digital assets.
Blue-chip collections drive the turnaround
Total NFT capitalization reached $6.04 billion, boosted by large purchases in collections like CryptoPunks and Moonbirds. One buyer acquired 45 CryptoPunks for 2,080 ETH, equivalent to over $7.8 million, pushing the floor price near 47 ETH. Moonbirds also saw a floor price increase of 31%, reflecting strong institutional interest.
Daily NFT sales volumes now range between $31 million and $46 million, according to aggregated data from top platforms. The spike suggests a reawakening of confidence around legacy NFT assets, particularly those with historical or cultural significance in the Web3 space.
Ethereum and Solana support sector growth
The rally in NFTs is unfolding in parallel with gains across the crypto market. Ethereum trades around $3,800, and Solana holds above $190, both contributing to renewed liquidity in NFT ecosystems. Analysts from Kronos Research note this movement reflects selective repositioning, not broad market euphoria.
Rather than a full NFT bull run, current momentum seems to reflect targeted repricing of undervalued assets. Investors appear to be moving back into NFTs with caution, focusing on collections that have survived past cycles.
Is this a turning point?
While it’s too early to call this a new NFT era, metrics point to a maturing market. Buyers are gravitating toward assets with real provenance, stable communities, and integration into larger crypto narratives. Whether this trend sustains will depend on macro sentiment and the behavior of ETH and SOL over the next quarter.
Sources: CoinPaper, Phemex, CryptoSlam, ChainCatcher
Date of reporting: July 21, 2025
