Recently, the NFT market has shown remarkable signs of recovery. Last week, the NFT volume broke through the $120 million mark, setting a new high in half a year, attracting widespread attention from the market.

This growth trend is fully reflected in several well-known NFT projects. For example, the value of Moonbirds has almost doubled, while Pudgy Penguins has performed exceptionally well, with sales soaring by 247.32%. Moreover, the number of buyers and volume for these projects has seen significant increases, community enthusiasm continues to rise, and investor sentiment is also warming up.

These data seem to indicate that the NFT market is entering a recovery phase of on-chain liquidity. The gradual recovery of liquidity and purchasing power has injected new vitality into the market. However, does this mean that we are about to return to the "NFT bull market era where selling out was guaranteed as soon as something was launched"?

Although the current market performance is encouraging, we still need to remain cautious. The development of the NFT market is often influenced by multiple factors, including the overall cryptocurrency market trends, technological innovations, and regulatory environment. In addition, the rationality of market participants is also continuously improving, leading to more prudent investment decisions.

Therefore, although the current market trends are exciting, it will take more time for observation and verification to determine whether they can evolve into a sustained bull market. While investors pay attention to market opportunities, they should also remain rational and conduct in-depth research on the long-term value and development potential of projects.

Regardless, this wave of recovery in the NFT market undoubtedly injects new hope and vitality into the entire industry, and brings new opportunities for creators and collectors. Let us look forward to the further development and prosperity of the NFT ecosystem together.