The Solana NFT market is roaring back to life. In the past 24 hours, trading volume on Solana topped $2 million,its highest daily figure in 113 days, according to CoinMarketCap. The surge signals a renewed wave of momentum across the NFT landscape, and Solana is leading the charge. At the forefront of the revival is Taiyo Robotics, now sitting at the top of Solana’s NFT food chain. Its floor price has climbed to 56.71 SOL (approximately $11,129), after rallying 640% over the past month, according to CoinGecko. NFT Market Momentum, Not Just On Solana The action isn’t limited to Solana. The broader NFT ecosystem is heating up fast: Total NFT market-cap sales just surpassed $6 billion, with $1 billion added in a single day. Weekly trade volume just hit a six-month high. Ethereum blue-chip collections are flashing green,Bored Apes are inching up, CryptoPunks continue grinding higher, and Azuki is holding steady. NEWS: @Solana NFT trading volume surpassed $2 million in the last 24 hours, the highest in 113 days. Meanwhile, @TaiyoRobotics has become the #1 NFT collection on Solana by floor price, up over 640% in the past month. pic.twitter.com/YzxfvPH0qK — SolanaFloor (@SolanaFloor) July 22, 2025 The question on everyone’s mind would be if this is the start of a new NFT bull cycle? Altcoin Season Fuels NFT Hype Retail investors are clearly back in play. The Altcoin Season Index, a metric that gauges when altcoins are outperforming Bitcoin, has jumped to 57%, up from 39% just a week ago. Google Trends data also shows peak search interest for “altcoin” this month,signaling rising curiosity and growing FOMO among retail traders. Solana’s Secret? Speed + Demand Solana’s infrastructure is perfectly positioned to meet this surge. Low fees and high throughput allow for seamless trading even during volume spikes. Collections once considered “dead” are coming back to life. Floor prices across top and mid-tier projects are tightening as new liquidity flows in. Whales are circling, eyes fixed on upcoming project drops. With gas fees low, small-cap traders are staying competitive,fueling a broader sense of inclusivity. Bullish Signs: Feedback Loops Are In Play This kind of environment creates a powerful feedback loop: Rising volume increases floor price pressure. Higher floors attract more buyers. NFT lending protocols see healthier loan-to-value (LTV) ratios. Liquidity frees up. Premiums drop. More trading follows. It’s a flywheel that’s difficult to stop once it gets spinning. What’s Driving This, and What’s Next Several key dynamics are pushing the NFT market forward: New Drops Incoming: High-profile launches are on the radar. Whitelists are filling fast. These drops will test how deep the new demand really is. Floor Divergence: Watching the gap between top-tier collections and second-tier projects is critical. If that gap widens again, it could signal the start of profit-taking or cooling momentum. On-Chain Sentiment: Metrics like active wallets and unique buyers will show if this surge is sustainable,or just a speculative pop. Meanwhile, institutional players are watching closely. Gaming guilds, NFT ETFs, and metaverse funds are scouting for entry points. Several funds have already increased their Solana exposure, seeing NFTs as the new entry point for retail,without Ethereum’s gas headache. The development side of the ecosystem is also accelerating. New tools like: Cross-chain NFT bridges Fractional ownership protocols Real-world asset tokenizers are in the works. The long-term vision? NFTs that go beyond art,imagine World Cup tickets, concert passes, or equity shares as liquid, yield-generating assets. A Cautious Note The energy is real,but so are the risks. A sudden cool-down in altcoin momentum could spook NFT markets. Rug pulls remain a threat in low-liquidity corners. And broader macro pressures,interest rate hikes, regulatory crackdowns,could pour cold water on the fire. Still, right now, the trend is bullish. Data is strong. Sentiment is rising. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
