The global non-fungible token market is heating up again after experiencing a soft breeze in the past several months. In recent days, the NFT market appears to be experiencing a resurgence with increased trading volume and buyer activity. Some reports suggest that NFTs have evolved into a more mature market focused on utility and real-world applications, rather than just digital art and collectibles. Punks is a testament to the NFT market revival, with its daily trading sales volume pumping over 10,000% from the previous day.
The NFT Market Jumps +121% In Daily Sales Volume
Data fetched by CryptoSlam.io, an on-chain crypto market data aggregator and a non-fungible token explorer, indicates that the global non-fungible token market is indeed retesting another short hype, marked by increased trading sales volume and crazy sales. In the past 24 hours, the NFT market has raised a trading sales volume of $33 million. During this time, the NFT sales volume has surged by 121% from the previous day.
The non-fungible token market started pumping over the weekend shortly after the United States President Donald Trump signed the GENIUS Act stablecoin legislation into law, the incident fueled the Ethereum price to retest new price highs. On Thursday, July 17, 2025, Ethereum price surged from $3,000 to as high as $3,700, before soaring further to as high as $3,800 on Sunday, July 20, 2025. At the time of publishing, Ethereum is taking a breather at $3,700, with industry experts predicting it to hit an all-time high of $6,000 in the coming weeks.
#Ethereum Finally reached $3800 !
As promised,
I want to change someone’s life and send 10 $ETH (~$38,000) to one person by tomorrow.Just like, retweet and comment ‘done’.
Random winner in 15 hrs https://t.co/Ip702dWm7E pic.twitter.com/grAn8xzCSV— Crypto Godfather (@CryptoGFishere) July 20, 2025
Since crypto and non-fungible token markets have a strong relationship like that of a mother and child, the factors fueling the Ethereum price appear to be fueling NFT floor prices and trading sales volume. In the past 24 hours, Ethereum-based NFT collections have raised a trading sales volume of $25 million. During this period, the Ethereum NFT sales volume has surged by 255% from the previous day. Ethereum has emerged as the most-traded NFT blockchain, followed by BNB Chain with a trading sales volume of $1.4 million.
Source: CryptoSlam.io, Daily NFT sales volume by blockchain network.
Punks Jump +10,000% In Daily NFT Sales Volume
In response to bullish sentiment surrounding Ethereum, many investors and collectors have rapidly rushed to purchase Ethereum-based Punks NFTs, hoping to make cheap gains once the Ethereum price goes parabolic. In the past 24 hours, the CryptoPunks NFT collection has raised a trading sales volume of $13 million, taking over 40% of the total Ethereum NFT sales volume. During this time, Punks NFT sales have surged by over 10,000% from the previous day.
Source: CryptoSlam.io, Top-selling NFT collections in the past 24 hours
Launched in 2017, Punks is a globally acknowledged non-fungible token collection featuring a limited edition of 10,000 pixilated PFPs previously created by the digital asset incubation studio Larva Labs but now managed by Infinite Node Foundation. Punks is one of the most-selling NFT collections in the NFT market. It’s worth noting amidst the recent short frenzy, the CryptoPunks NFT floor price has slightly pumped, rising from 40 ETH to as high as 47 ETH in the past 24 hours.
Source: CoinGecko.com, Punks NFT Floor price
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