NFT markets are picking up steam lately, and the signals are pretty clear if you're watching the right metrics. Market cap expansion combined with upticks in trading volume typically signals the early stages of renewed interest in the space.

When both metrics move together like this, you usually see corresponding changes in platform activity—more traders entering positions, higher transaction frequencies, and generally stronger engagement across the board. It's one of those patterns that tends to repeat itself during market recovery phases, especially when institutional attention starts filtering back into digital collectibles and tokenized assets.