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NFT Sales Jump +40% In The Past 24 Hrs – Are NFTs Back?

NFT Sales Jump +40% In The Past 24 Hrs – Are NFTs Back?

Posted on May 11, 2025 By rehan.rafique No Comments on NFT Sales Jump +40% In The Past 24 Hrs – Are NFTs Back?

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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 back 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.

Daily NFT Sales VolumeDaily NFT Sales Volume

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.

Daily sales volume by chainsDaily sales volume by chains

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.

Monthly NFT sales VolumeMonthly NFT sales Volume

Related NFT News:

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