Record-Breaking NFT Sales Surge by 40% in Latest 24 Hours - Has the NFT Market Recovered?
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The global Non-Fungible Token (NFT) market has experienced a remarkable surge in daily trading sales volume, reaching an impressive $21 million over the past 24 hours. This marks a substantial 41% increase from the previous day's $13 million! This spike in NFT sales seems to coincide with notable gains in Bitcoin and other digital currencies, with the leading crypto, "Bitcoin," breaching the 100k mark once again after months.
💡 NFTs storm +40% in 24-hour sales volume 💡
Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and multi-chain NFT collection explorer, confirms that the global NFT market has made some impressive strides today, rebounding after a tough few months. The past 24 hours have seen a tremendous trading volume of $21 million, marking a 41% surge from the previous day.
Ethereum, the blockchain network dominating the majority of NFT collections, led the way today with an impressive trading sales volume of $9.2 million, showing a 118% increase from the previous day. Polygon, an Ethereum scaling blockchain network, follows closely with a daily trading sales volume of $2.7 million. However, Polygon's NFT sales volume saw a minor 10% drop from the previous day.
Other blockchain networks, including Mythos Chain, Bitcoin, and Solana, have also recorded a 10% increase in the past 24 hours. In this period, Mythos Chain-based NFTs have recorded a sales volume of $2.4 million, while Bitcoin-based NFT collections have a trading sales volume of $1.9 million. Solana-based NFT collections have raked in a trading sales volume of $1.3 million.
🤔 Is the NFT bear market a thing of the past? 🤔
The recent surge in NFT sales could be a sign that the market may be on the mend, stepping away from the prolonged downturn we've been witnessing. The NFT market began showing symptoms of failure in January 2025, after falling by over 30% in sales volume to $679 million. Since then, the market has plummeted, with sales shifting from $679 million to just $430 million in April 2025. If this positive momentum in NFT sales continues, it might signal the end of the recent NFT bear market.
📰 Related NFT News:
- Doodles set to launch its $DOOD NFT Coin this Friday, May 9
- NFT Trader Dumps His Punk Into Bids for 4.2 WETH - Was it a mistake?
- DRiP Gives Active NFT Artists a Chance to Claim $DOOD Airdrop
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- The surge in NFT sales, with a 41% increase in the past 24 hours to reach $21 million, indicates a potential shift away from the prolonged NFT bear market experienced since January 2025.
- The Daily Bids on NFT Trader have become a hot topic, as one trader recently dumped his Punk NFT collection for 4.2 WETH, sparking discussions about whether this move was a strategic decision or a mistake.
- In anticipation of the upcoming NFT market boom, Doodles, a popular NFT brand, is set to launch its own NFT coin, the $DOOD, on May 9.
