The NFT market has experienced a significant surge, reaching a new milestone of $4.8 billion according to CoinGecko data. This marks the first time since February 2025 that the market cap has surpassed the $4.6 billion mark, highlighting sustained interest in the space. The rise is driven primarily by increased trading activity, particularly among Ethereum-based collections. CoinGecko confirmed the jump at $4.8 Billion, citing elevated sales volume of $6.34 million as a key factor contributing to this trend. While trading volumes have spiked, no new institutional investment has been reported thus far. Ethereum continues to play a critical role in fueling NFT activity and valuations. However, there’s been no official comment from industry leaders on this recent market shift. Trading volume saw a notable increase, primarily focused on prominent NFT collections. No major shifts in institutional capital have been observed. The potential outcomes for the future include sustained trading activity, speculation increases, and further attention directed towards Ethereum-based collections. Historical trends suggest that past surges haven’t had a significant impact on DeFi TVL in the long term.