The global one NFT The market is showing signs of life again. According to CoinGecko data shared by Wu Blockchain on January 14. The total NFT The market capitalization has climbed back to $3 billion. This is a big moment for a space that has been quiet for years after the boom of 2021.
吴说获悉，据 CoinGecko数据，NFT 市值重回 30 亿美元，主要蓝筹 NFT 地板价均有不同程度的回升，其中 CryptoPunks 7% 8%, BAYC 9%, Pudgy Penguins 4%等。https://t.co/FW70EYuHAi
— 吴说区块链 (@wublockchain12) January 14, 2026
Back then, non-fungible tokens were everywhere. The prices were high. Celebrities bought. Twitter was full of profile pictures. But after the hype died down, trading volume collapsed by more than 90% and many projects disappeared. In 2023 and 2024, most NFTs were stuck in a long bear market. Now, at the beginning of 2026, the mood is slowly changing.
A look at the market at the moment
The total will be as of mid-January 2026 NFT its market capitalization is around $3.01 billion. Daily trading volume is still low compared to before, but has increased slightly and is around $4 million to $5 million per day. This recovery is not driven by new hype projects or meme collections. Instead, the money flows back into the most trusted and well-known collections, the so-called ‘blue-chip NFTs’. Ethereum is still the main chain for NFTs. Most serious collections are found there and most trading still takes place on Ethereum-based marketplaces.
Blue-Chip NFTs are leading the comeback
The biggest gains are coming from the top names in NFTs.
- CryptoPunks, the most famous NFT collection in the world, is up more than 8% in the last seven days. The bottom price is now around 29 ETH and it remains the largest NFT project at market value. Now manages almost a third of the whole NFT market.
- Bored Ape Yacht Club also returns. The floor price rose by more than 9% in a week and is currently trading at 5.8 ETH. BAYC has been one of the symbols of the 2021 bull market. The recent surge shows that collectors are returning.
- Pudgy Penguins is also going higher. The floor price has risen about 4% over the past week and is trading around 5.1 ETH. Pudgy has remained popular thanks to real toys, brand deals and strong community support. These collections are leading the recovery, while most smaller NFTs remain quiet.
Why NFTs are rising again
The NFT Today’s news shows that the upswing is closely linked to the broader crypto market. Bitcoin and Ethereum have soared higher in early 2026, and when crypto rises, non-fungible tokens usually follow. Another reason is whale activity. Longtime collectors and deep pockets are slowly buying at low prices again. They see blue-chip NFTs as digital art and cultural assets that can grow over time.
Projects like Pudgy Penguins have also shown that non-fungible tokens can go beyond images and become real products, games and brands. This helps bring real value back into the space. Yet this is not yet a complete comeback. Trading volumes are small and many NFTs remain illiquid.
What happens next?
The return to a $3 billion market cap is a major psychological level for Non-Fungible Token fans. It shows that space is not dead. It’s rebuilding. If the crypto bull market continues, NFTs could slowly grow along with it. But for now, the recovery is being led by strong collections, not wild speculation. The NFT Winter can finally thaw slowly but surely.