Non-fungible token (NFT) sales have seen a resurgence after a period of decline, with global NFT sales volume increasing by 28.1% in the past 24 hours to reach $38.2 million. The total number of NFT transactions also rose by 26.2%, totaling 249,125 transactions.

Bitcoin leads the way with a 44% increase in daily NFT trading volume, reaching around $15.9 million, with $77,955 in wash trades recorded over the past 24 hours. Ethereum follows closely behind, with a daily NFT sales volume of $10.9 million after a 32% rally.

Ordinal sales have nearly doubled in the past 24 hours, reaching $4.47 million across 2,157 transactions. However, the leading NFT marketplace, Blur, saw an 11% decline in trading volume, with total NFT sales volume sitting at $14.14 million.

The surge in global NFT sales is attributed to marketplaces like Magic Eden, OKX NFT Marketplace, and OpenSea, which saw significant surges of 48.45%, 63.15%, and 18.66%, respectively, in the past 24 hours.

NFT Price Floor co-founder Nicolás Lallement is optimistic about the NFT ecosystem’s potential revival, citing the low layer-2 transaction fees post-Dencun upgrade and the meme coin trend that emerged during the recent bull run as contributing factors.

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