Original author: Shaofaye123, ForesightNews

Recently, the NFT trading platform Blur has seen a continuous weekly increase, with a monthly growth rate of nearly 80%. The NFT sector has shown unusual activity, with token monthly returns reaching 50%. The floor prices of blue-chip NFT series have rebounded by over 30% within 7 days, indicating a warming trend in the NFT sector. However, compared to the growth of Ethereum ecosystem NFTs, Solana and BTC ecosystem NFTs still perform modestly.

This article will provide a quick overview of recent Ethereum NFT data and analyze the reasons for the warming trend.

Positive Data for Ethereum NFT Sector

From the overall trend of the NFT sector, according to Sosovalue data, the NFT sector has performed well in the past month, with overall data gradually climbing. The monthly investment return rate can reach 50%, but compared to the nearly 100% monthly return rates of popular narratives like PayFi, RWA, and AI, it still does not belong to the mainstream narratives of this round of speculation.

Source: https://sosovalue.com/zh/assets/cryptoindex/NFT

According to CryptoSlam data, the overall sales of NFTs have also shown a rebound trend. In October this year, the total trading volume of NFTs began to grow, breaking the trend of declining monthly sales for seven consecutive months, reaching $356 million, a month-on-month increase of 18%. Additionally, the number of NFT transactions has gradually increased, with October seeing 7.2 million transactions, a 42% increase from 5 million in September. In November, NFT sales achieved significant growth again, increasing by 57.8% from October to over $562 million. Ethereum network sales exceeded $216 million, a 12% increase from October.

Source: https://www.cryptoslam.io/nftglobal?timeFrame=month&headerPeriod=30d

Among them, CryptoPunks led the NFT market, with 30-day sales exceeding $49 million, a nearly 400% month-on-month increase. Additionally, according to Blur data, the floor prices of blue-chip NFT series have rebounded by over 30% within 7 days. The floor price of Bored Ape Yacht Club increased by 72% in 7 days, Pudgy Penguins by 29%, and Mutant Ape Yacht Club by 97%.

Compared to the warming of the ETH NFT sector, the Solana NFT sector still performs modestly. According to CryptoSlam data, the CryptoSlam ETH NFT Composite Index, which measures the performance of the ETH NFT market, has rebounded nearly 40% in the past three months. In contrast, the Solana NFT index has shown almost no fluctuations in the past three months and has decreased by 48% since the beginning of the year. The Solana NFT infrastructure TNSR and MPLX have also not seen significant increases.

Source: https://www.cryptoslam.io/indexes/cseth

Ethereum Recovery, Liquidity Gradually Overflowing

Since the Ethereum ETF hype began, with net inflows into the ETF continuously rising, the overall Ethereum ecosystem has been slowly warming up. According to Sosovalue data, the number and days of net inflows into the Ethereum ecosystem are steadily increasing. The price of ETH has also risen, with a nearly 45% increase in the past month, climbing from around $2500 to $3700. The staking sector Puffer has doubled in the past week, and EIGEN has also seen a 30% increase in a week.

Source: https://sosovalue.com/zh/assets/etf/Total_Crypto_ETH_ETF_Fund_Flow?page=usETH

In addition to the recovery of exchange coin prices, on-chain liquidity is also gradually overflowing. According to The Block data, Ethereum's on-chain monthly trading volume has gradually increased over the past three months, with November's trading volume exceeding $183.7 billion, reaching this year's peak.

Source: https://www.theblock.co/data/on-chain-metrics/ethereum/ethereums-adjusted-on-chain-volume-monthly

In addition to the recovery of Ethereum and the overflow of liquidity, the overall price of the NFT sector is at historically low levels. Users who have long held NFTs may be less likely to sell in the early stages of the launch. From the perspective of circulation and supply, the NFT market may have certain potential. Additionally, with ME TGE approaching, Truemarkets predicts that market NFT attracting purchases from V God and other actions have also garnered significant attention.

However, whether the NFT market can rise again relies on more than just a temporary overflow of liquidity. It requires further innovation, matching demand, and implementing real application scenarios to be effective.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。