The NFT market witnessed a strong resurgence in July, with total monthly sales hitting $574 million, marking the second-highest monthly volume in 2025, according to recent data. This represents a 47.6% increase over June’s $388.9 million, trailing only behind January’s $678.9 million peak.
NFT Sale Value Reaches 6-Month High
While transaction volume dipped by 9% (from 5.5 million to 5 million), the average sale value climbed to $113.08 — the highest in six months. This trend indicates that buyers are focusing on higher-value NFTs, likely contributing to market consolidation.
Unique buyers dropped to 713,085 (down 17%), while unique sellers increased by 9% to 405,505.
This shift hints at fewer but larger transactions, as buyers become more selective and sellers remain active across the ecosystem.
NFT Market Cap Surpasses $8 Billion
According to market data, the NFT sector’s total market capitalization now exceeds $8 billion, up 21% from $6.6 billion just a week earlier. This rapid valuation increase reflects both rising ETH prices and renewed interest in digital collectibles.
Ethereum NFTs Lead the Market Surge
The Ethereum blockchain dominated NFT sales, generating $275.6 million in July — a 56% month-over-month increase. The top 10 NFT collections by market cap were all Ethereum-based, with CryptoPunks leading in trading volume ($69.2 million), followed by Pudgy Penguins ($55.5 million) and Polygon’s Courtyard NFTs ($23.8 million).
Pudgy Penguins outperformed all major collections with a 65.44% rise in floor price.
In comparison, Bitcoin NFTs saw $74.3 million in sales, while Polygon came in at $71.6 million. Despite this, Polygon’s sales dropped by 51.1%, and BNB Chain saw a 54% decline.
Cardano Emerges as Top Gainer by Growth
Among all blockchains, Cardano posted the highest growth rate, with a 102% increase in NFT sales. Solana showed a modest 8% gain, signaling stable but slower activity.
NFTs are entering a new cycle — where quality over quantity is shaping market momentum, and Ethereum-based collections are taking center stage once again.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.