The NFT market has seen a dramatic resurgence, with its market capitalization soaring from $5.1 billion to $6.3 billion within a single day. This $1 billion increase coincides with a 287% surge in daily trading volume, reaching $37.4 million, according to CoinGecko. Leading the market revival is the CryptoPunks collection, which experienced a 16% rise in floor price to 47.5 ETH, approximately $179,000. Other notable collections, including Pudgy Penguins and Bored Ape Yacht Club, also recorded significant gains. The resurgence in NFT activity is believed to be linked to Ethereum's recent price increase, which has climbed 55% over the past month. Yat Siu of Animoca Brands highlighted the cultural significance of NFTs within the Ethereum ecosystem, emphasizing their role beyond financial transactions.