NFT Market Capitalization Reaches $3.3 Billion Amid Mixed Recovery Signals
The global NFT market shows tentative recovery signs in early 2026 as market cap climbs to $3.3 billion, though trading volumes decline by 20% week-over-week.
The non-fungible token market is displaying early signs of potential recovery after months of decline, with total market capitalization climbing to $3.3 billion as of January 12, 2026, according to data from NFTPriceFloor tracking over 1,700 collections across more than 10 blockchain networks.
Major blue-chip collections including Bored Ape Yacht Club, Moonbirds, Clone X, and Mutant Ape Yacht Club saw floor prices increase by 10% over the past week. However, the recovery remains uneven, as overall trading volumes fell 20% to $60 million during the same period, with buyer participation dropping by 80%.
Ethereum maintained its position as the dominant NFT blockchain with $27 million in weekly trading volume, down 2.84% from the previous week. Bitcoin-based NFT collections experienced a sharper 76% decline to $7.7 million in trading volume.
Several alternative chains showed stronger performance, with BNB Chain generating $7.4 million in trading volume (up 17%), Immutable X reaching $3.9 million (up 12%), and Solana recording $3.6 million (up 26%).
The mixed signals come after 2025 saw annual transaction volumes and market capitalization fall to approximately $5.5 billion and $1.9 billion respectively, marking a significant contraction from previous years.
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