Ethereum News Today: NFT Market Hits $9.3 Billion as ETH Price Surges 40% Since July

The NFT market has reached a total capitalization of $9.3 billion, reflecting a 40% increase since July 2025, according to recent reports. This surge is closely tied to the performance of Ether (ETH), which has climbed above $4,600, reinforcing the broader crypto market's momentum [1]. The continued rise in ETH has not only driven investor sentiment but also boosted activity in the NFT space, where digital collectibles, virtual real estate, and crypto art are gaining traction as mainstream investment vehicles.

The NFT Price Floor data highlights that the overall market capitalization for NFT collections reached $9.3 billion as of the latest report, up from $6.6 billion in the previous month [1]. Ether's bullish movement has had a direct impact on NFT valuations, as many of these tokens are minted on the Ethereum mainnet and priced in ETH. This means that as the value of ETH increases, so too do the dollar valuations of NFTs, creating a compounding effect on market capitalization and trading volume [1].

CryptoPunks remains the top NFT collection by market capitalization, valued at approximately $2.4 billion. The collection’s seven-day trading volume stood at nearly $20 million, with an average sale price of $217,331 [1]. The Bored Ape Yacht Club (BAYC) and Pudgy Penguins follow closely, with valuations of $602 million and $591 million, respectively. Pudgy Penguins also outperformed BAYC in seven-day trading volume, with $8.7 million compared to $6.3 million, indicating strong short-term demand [1].

Pudgy Penguins, which expanded into a physical toy brand in 2022, has continued to attract attention in the NFT market, with blockchain firm BTCS Inc. recently adding three NFTs to its corporate treasury [1]. This move signals growing institutional interest in NFTs as strategic assets, further reinforcing their value and legitimacy in the digital economy.

In addition to the top three NFT collections, the top 10 by market capitalization includes notable projects such as Chromie Squiggle by Snowfro, Autoglyphs, Fidenza by Tyler Hobbs, Lil Pudgys, Mutant Ape Yacht Club (MAYC), Moonbirds, and Milady Maker [1]. These collections reflect the diversity and depth of the NFT market, which is increasingly dominated by Ethereum-based assets.

The interplay between ETH’s price and NFT valuations has created a feedback loop that is driving both volume and price in the NFT market. As Ether’s price gains momentum, it increases the purchasing power of NFT investors, leading to more transactions and higher overall market activity. This dynamic is particularly significant given the NFT market’s historical volatility and reliance on speculative demand [1].

While the recent developments are positive, it is important to note that the NFT market remains highly sensitive to broader cryptocurrency trends and macroeconomic conditions. The 40% increase in market cap since July is a strong indicator of sustained interest, but future performance will depend on how the market adapts to evolving investor sentiment, technological advancements, and regulatory environments.

Source:

[1] Cointelegraph, [https://cointelegraph.com/news/nft-market-cap-9-3b-eth-price-surge](https://cointelegraph.com/news/nft-market-cap-9-3b-eth-price-surge)