The global non-fungible token (NFT) market has seen a remarkable resurgence, with trading sales volume increasing by 25% in just 24 hours.

Overall NFT sales volume reached $15 million, marking a 30% rise compared to the previous day, largely driven by Ethereum and Bitcoin-based NFTs.

Ethereum continues to dominate the NFT space, generating $28 million in sales, which reflects a 9.93% increase from the prior week.

Notable collections like Bored Ape Yacht Club and CryptoPunks contributed significantly, with Bored Ape generating $2.7 million (up 127%) and CryptoPunks bringing in $2.4 million (a 19% increase).

The top-selling collection was Bound – Voting Token Lock Up Plan, which achieved $2.4 million in sales, surpassing both CryptoPunks and Bored Ape.

In contrast, DMarket, while the top seller, saw a decline of 66% from the previous week, totaling $4.9 million.

Despite the surge in sales, the number of investors purchasing NFTs has dropped to 334,000, and overall NFT transactions decreased by 19%, totaling over 1.6 million.

Over the past week, the NFT market experienced an 8.29% decrease in sales volume, totaling $78 million, indicating fluctuations despite recent gains.

This volatility comes amid a broader context where crypto losses in 2024 have surpassed $2.11 billion, alongside a staggering 984% increase in hacking incidents on centralized exchanges.

Bitcoin has emerged as the second most-traded blockchain for NFTs, contributing $15 million in sales, which represents a 15% increase.

Among the rising collections, Sproto Gremlins reported a sales volume of 120 ETH, marking a 21% increase, while Mog Auras experienced a staggering 6,000% surge in sales volume.

As the NFT market continues to evolve, links to related news highlight ongoing developments, including new game launches and significant sales increases.