NFT Market Shows Signs of Recovery as Weekly Trading Volume Hits 18-Month High

The non-fungible token market is showing strong signs of recovery, with weekly trading volumes reaching an 18-month high of $450 million. Data from CryptoSlam indicates that both established collections and new projects are experiencing renewed interest from collectors and investors.

CryptoPunks led the resurgence with over $85 million in weekly sales, followed by Bored Ape Yacht Club at $42 million. Notably, several new collections launched on Bitcoin Ordinals and Solana also cracked the top 10, signaling a diversification of the NFT ecosystem beyond Ethereum.

“The NFT market is evolving beyond speculative JPEGs,” said Devin Finzer, CEO of OpenSea. “We’re seeing genuine utility emerge in gaming, music, and real-world asset tokenization. The collections that are thriving now have real communities and real roadmaps.”