BAYC flooring prices doubled in a month, indicating a recovery in the NFT market.

According to CoinDesk, the floor price of BAYC NFTs has risen from approximately 5 ETH to over 10 ETH in the past month, while ApeCoin (APE) has rebounded from below $0.1 to approximately $0.16 during the same period, with a significant increase in trading volume. Meanwhile, frequent security vulnerabilities and declining returns in the DeFi sector have prompted some funds to shift to the NFT market. The financialization trend of NFTs is also heating up, with a recent $2.8 million lending transaction using CryptoPunk as collateral attracting widespread attention. The lender is expected to receive approximately $138,000 in interest within 90 days. Blue-chip stocks such as Pudgy Penguins have also strengthened, and market expectations for a potential token issuance by OpenSea have further boosted sentiment.