The NFT market has shown signs of revival in mid-2025, with trading activity and sales increasing notably. On-chain data from CryptoSlam indicates that NFT sales rose by 78% in the second quarter of 2025, contributing to a market capitalization of approximately $11 billion. This resurgence is reflected in a recent 88% rally in the aggregate NFT market cap to $6 billion within a single month. Despite this rebound, the overall digital art and collectibles market remains 20% smaller than the market value of the Shiba Inu cryptocurrency and is still down nearly two-thirds from its peak in 2022. High-profile NFT transactions, such as a JPEG of a rock selling for $300,000 (82.4 ETH), underscore renewed investor interest. Industry observers emphasize NFTs as a core component of the Ethereum cultural economy and Web3, representing culture, community, and social status beyond mere financial assets. The ongoing recovery has sparked speculation about whether this momentum will drive Ethereum to new all-time highs and signal a broader 'NFT summer.'