The NFT market is experiencing a surge in activity on ApeChain, particularly during the spotlight event hosted by ApeCoin on MagicEden. Holders are competing for floor sweeps, driving interest in purchasing and minting NFTs. Users are actively engaging with the platform, with some aiming for top placements within the spotlight rankings. Currently, only five coins on ApeChain have a market cap exceeding $500,000, while the Ronin network is set to go permissionless next week, indicating a broader trend in the NFT space. The competitive nature of the ApeCoin spotlight is evident, as participants strive to improve their standings, with one user reporting a current ranking of 13th and aspirations for a top 5 position.