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Non-fungible tokens (NFTs) have not seen the same level of demand as during the 2021–2022 boom period, and the sector struggled throughout 2025 and early 2026 with declines in trading volume, market capitalization, floor prices, and overall participation. Over the past month, however, sentiment appears to have shifted, with several blue-chip collections posting sharp gains.
Data from cryptoslam.io shows NFTs recorded roughly $238.54 million in trading volume over the last 30 days. That total is 54.89% lower than the previous 30-day stretch, but individual collections have still more than doubled in value in some cases, indicating a more selective rebound rather than broad-based volume growth.
Cryptopunks and Bored Ape Yacht Club (BAYC) were among the most notable performers. Cryptopunks’ floor value rose from $62,500 on April 10 to $73,200 as of May 10, according to nftpricefloor.com.
BAYC posted a larger move and is leading the blue-chip segment. BAYC floor values are now 75.87% higher than on April 10. As of May 10, BAYC’s market capitalization stood at $251 million. Over the last 30 days, BAYC recorded $13.42 million in sales, compared with $7.78 million in volume for Cryptopunks during the same period.
Other collections also advanced. Pudgy Penguins increased from $9,500 to $12,900 in floor value. Mutant Ape Yacht Club (MAYC) rose from $1,500 to $3,960. The article also cited gains in sales volume from Panini America, NBA Top Shot, Anome OG NFT, and Guild of Guardians NFTs, alongside improvements across a broader set of well-known collections over the 30-day window.
While the rebound has brought traders back toward collections they had largely written off, the article notes that trading volumes are still far below prior cycle highs. Rising floor values across multiple blue-chip collections suggest that some demand has returned, but the market’s ability to sustain the move remains uncertain.
Some NFT influencers believe a broader comeback may be underway. One X account said: “NFTs are about to make a violent comeback. Supply at all-time lows. Sellers are gone. Volume picking back up. This is the most obvious setup in crypto right now, and very few people are positioned for it.”
Another participant cautioned that the rebound may be narrower in scope: “This rebound is concentrated in blue-chips with existing whales rotating bags, not broad demand. Bullish for conviction holders, but we still need fresh capital to sustain it.”
Whether the current price action marks the start of a wider NFT recovery or remains a temporary rebound is unclear. For now, longtime NFT holders appear to be monitoring whether momentum can continue through the second half of 2026.
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