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BTC$115,645.00-1.08%ETH$4,477.35-1.35%SOL$218.40+2.14%XRP$3.00-1.66%BNB$996.59+0.55%ADA$0.90-2.35%LINK$23.45-4.30%DOT$4.35-6.08%LTC$114.51-1.97%AVAX$38.20+3.11%MATIC$0.72-2.40%ATOM$8.14+1.02%
NFTsNews

The NFT market's quiet recovery is driven by things nobody was watching

Trading volume is up, but the composition of that volume tells a different story than the last cycle.

APMBy Arthur Pinto MeloOctober 14, 20255 min read

The headline

NFT trading volumes are rising again after a long dormant period. But the mix has changed. The most-traded collections are not the profile-picture blue chips of the last cycle — they are utility-linked passes, gaming assets, and on-chain music formats.

Where the volume is coming from

  • Gaming asset marketplaces have seen the sharpest recovery
  • Membership and access passes now account for a meaningful slice of weekly volume
  • Music NFTs remain small but have grown consistently for six months

What is not recovering

Speculative profile pictures without a live community, and generative art collections whose only distribution moment was the mint, have not participated. This is arguably a healthier composition than the last peak.

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