NFT’s market capitalization jumped to a record $ 6.3 billion overnight

The NFT market has become sharply more active: in one day, its total capitalization increased by 21%, from $ 5.1 to $ 6.3 billion. The main driver is the renewed interest in Ethereum collections, primarily due to the large-scale purchase of the CryptoPunks series. A new anonymous player spent more than 2,000 ETH (almost $ 5.9 million) buying 45 NFT CryptoPunks in just a few hours. This raised the minimum price of the collection by 14% to $ 175,320, and the daily sales volume reached $ 14.7 million (11,143%).

Other popular Ethereum projects have also seen growth: Moonbirds added 31%, Pudgy Penguins — 2.7%, Bored Ape Yacht Club — almost 7%. The activity of buyers and sellers on the market has increased dramatically: more than 5,400 buyers and 6,000 sellers were registered on Ethereum alone during the day.

The total daily sales volume of NFTs on Ethereum reached $ 32 million (339%), while Solana, Bitcoin, and BNB Chain lagged behind, bringing in $ 1.3−2.1 million each. On other blockchains, the recovery was less pronounced, and in some places, even drawdowns were recorded.

Analysts believe that the sharp jump is due to the return of major players to the most valuable NFT assets, but emphasize that the market remains volatile and sensitive to the overall dynamics of cryptocurrencies.