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The global NFT market surpasses $2 billion
According to the latest data, the global NFT market has indeed recently broken through the $2 billion milestone. Here are the key details: Market overview The total market capitalization of NFTs stood above $2 billion again at the end of April 2026, marking the first time since early 2026. In January 2026, the market cap rapidly rose from $2.5 billion to $3 billion, but then experienced a pullback, only recently recovering to the $2 billion level. [X]Main driving forces Blue-chip projects rebound: Pudgy Penguins and Bored Ape Yacht Club (BAYC) lead the way, with weekly floor price increases of over 15%. CryptoPunks (about 29-31 ETH), BAYC (about 9.4 ETH), and Pudgy Penguins (about 5.2 ETH) rank at the top. [X][X]Trading volume rebounds: Ethereum NFT daily trading volume reaches $5-9 million, hitting a 90-day high. [X]Shifting from hype to practicality: The industry is transitioning from the "profile picture" bubble phase to a development model centered on utility—RWA (Real-World Asset Tokenization), Web3 games, and brand loyalty programs are emerging as new growth points. [JingHeng News] Notable trends in focus In Q3 2025, NFT trading volume doubled to $1.58 billion, with sales reaching 18.1 million items, setting a new record [CCIA]L2 and compressed NFT technologies reduce transaction costs by over 90%, with sports-related NFT sales surging by 337% [JingHeng News] The ERC-404 standard improves NFT liquidity by splitting NFTs into divisible tokens [JingHeng News] The RWA market is expected to grow from $8.6 billion to $25 billion, with institutions like BlackRock and Goldman Sachs already involved [JingHeng News] Analyst opinions Some analysts believe this is more a rotation of blue-chip assets rather than overall growth, and that the NFT market is in a "builder cycle"—shifting from speculative hype to utility and brand building. Whether the market cap can sustain above $2 billion remains to be seen. [X]