Is NFT Mania Coming Back? The sector adds 1 billion dollars a day

As Ethereum continues to move higher, you are seeing a potential rally in market capitalization.

NTFs are witnessing what could be the start of a market revival as market capitalization rises on the day.

The biggest move was noticed by the crypto analytics platform CoinGecko, which reported a market jump from $5.1 billion to $6 billion.

At the time of writing, NFT's market capitalization has gained more than 20% in the last 24 hours and was at $6.3 billion, with a daily trading volume of $37.4 million, a whopping 287% increase, reports CoinGecko.

The NFT market capitalization just rose 17% on the day from $5.1B to $6.0B.

Which NFTs do you own? pic.twitter.com/yIauTicwy

— CoinGecko (@coingecko) July 21, 2025

In the year NFT sales have been in the dark since early 2022 highs.

NFT Cultural Revival?

CryptoPunks stock was leading the charge with a 16% floor price to 47.5 ETH or around $179,000. According to CryptoSlam, the collection has seen over $14 million in sales in the past 24 hours.

The second most popular NFT collection, Pudgy Penguins, showed a 15% increase in floor price to 16.6 ETH, daily volume of $5.7 million and daily sales of $3.2 million.

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Other Ethereum-based NFTs, such as Infinex Patrons and Bored Ape Yacht Club, saw more than 9% increase in their floor assets and market value.

Meanwhile, YOU THE REAL MVP, a private pool of 420 Memeland NFTs, has surged 1,280 percent, pushing the floor price to 69 ETH.

“NFTs are on the horizon as NFT treasury vehicles,” commented Jason Yanowitz, founder of Blockworks.

Some collectors and experts suggest that the resurgence may be related to Ethereum's recent price pumps.

Animoka Brands Chairman Yat Siu noted that ETH's peak at the end of 2021 was also the “NFT season”. “If NFTs on ETH bounce back, we'll reach a new ATH beyond pure financial plays,” he added.

“NFTs are the backbone of Ethereum's cultural economy. More than money, it's about culture, status and ultimately ownership.”

1/ It is more than appropriate that the torch is NFT @ethereum's ATH was in November 2021 when it peaked at $4600-4800 which was NFT season. This is the reason why if NFTs on ETH pull back we will hit a new ATH beyond pure financial plays.

— Yat Siu (@ysiu) July 21, 2025

Ethereum in Rep

Ethereum prices have been on a tear lately, which is good news for NFTs in ETH prices. Assets fell 55% from last month as corporate treasuries and institutional investment funds weighed in.

ETH touched its highest price since mid-December this weekend, reaching $3,814 before retreating slightly on Monday morning.