The non-fungible token (NFT) market recorded a 17.16% weekly trading volume surge to
130.7 million ,marking its most sign if i can trebound in months. Ethereum maintained dominance with 41.3 million in transactions, up 21.5%, driven by high-demand collections like Pudgy Penguins and Bored Ape Yacht Club. Bitcoin NFTs staged a dramatic rally, soaring 53.5% to $22.6 million and overtaking Polygon for second place, fueled by Ordinals inscriptions and Runes-based projects.
Polygon’s trading volume dropped 23% to 14.5 million asusers shifted to chains with higherliquidity.Solanasawa178.9 million, powered by its Mad Lads collection, while Mythos Chain held steady at $13.3 million through gaming-related NFTs.
Analysts attribute the rebound to three key factors: speculative hype around Trump Points (an upcoming NFT loyalty platform tied to the $TRUMP meme coin), renewed institutional confidence following BlackRock’s Ethereum ETF approval, and reduced Bitcoin NFT fees enabling experiments with tokenized real-world assets.
However, sustainability concerns linger. CryptoInsight strategist Jane Wu cautioned, “This growth leans heavily on speculation rather than real utility.” Polygon’s decline highlights intensifying competition from Ethereum Layer-2 networks like Base.
Market watchers are now focused on whether Ethereum ETF inflows could spill into NFTs, if Bitcoin’s Runes-based projects can maintain momentum, and how Solana’s new compression technology might reduce minting costs. Data from Golden Finance and Dune Analytics underscores the market’s tentative revival after a prolonged slump.
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- DeGods NFT Founder Steps Down: A Major personnel Change amid the project’s Rising popularity
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