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NFT Gross sales Soar +40% In The Previous 24 Hrs – Are NFTs Again?

by Index Investing News
May 11, 2025
in Cryptocurrency
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The worldwide non-fungible token market has skilled a major improve in day by day buying and selling gross sales quantity, reaching greater than $21 million over the previous day. This marks a 41% rise in comparison with the day past’s $13 million. The surge in NFT gross sales coincides with notable good points in Bitcoin and different cryptocurrencies. The flagship crypto “Bitcoin” has climbed again previous $100,000 for the primary time in months.

NFTs Soar +40% In Every day Gross sales Quantity

Information compiled by cryptoslam.io, an on-chain crypto market knowledge aggregator and multi-chain non-fungible token assortment explorer, confirms that the worldwide non-fungible token market has made constructive good points as we speak after struggling a brutal meltdown previously a number of months. Previously 24 hours, the worldwide NFT market has attracted a buying and selling gross sales quantity of $21 million, up 41% from the previous day.

Daily NFT Sales Volume

Ethereum, the blockchain community famend for powering nearly all of NFT collections, led the cost as we speak with a buying and selling gross sales quantity of $9.2 million, reflecting a 118% improve from the day past. Polygon, an Ethereum scaling blockchain community, follows the Ethereum community intently with a day by day buying and selling gross sales quantity of $2.7 million. Nonetheless, the Polygon NFT gross sales quantity has plunged 10% from the previous day.

Daily sales volume by chainsDaily sales volume by chains

Different blockchain networks, together with Mythos Chain, Bitcoin, and Solana, have additionally recorded +10% development as we speak. Previously 24 hours, Mythos Chain-based has recorded a gross sales quantity of $2.4 million, whereas the Bitcoin-based NFT collections recorded a buying and selling gross sales quantity of $1.9 million. The Solana-based NFT collections have amassed a buying and selling gross sales quantity of $1.3 million.

Is the NFT Bear Market Over?

The latest surge in non-fungible token buying and selling gross sales quantity comes because the market reveals indicators of restoration, breaking a protracted downturn in month-to-month gross sales. The NFT market started showcasing cracks in January 2025 after falling by over 30% in gross sales quantity to 679 million. Since then, the NFT gross sales have tanked drastically, flipping from $679 million to simply $430 million in April 2025. The latest bullish momentum in NFT gross sales might mark the tip of the latest NFT bear market.

Monthly NFT sales VolumeMonthly NFT sales Volume

Associated NFT Information:

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