NFT Market Rockets 94% to $7B as High-Value Assets and Blue-Chip Projects Drive Resurgence

The NFT market is experiencing a significant resurgence, with July data from DappRadar showing a 94% surge in total market capitalization to nearly $7 billion—the highest level since early 2025. Weekly trading volume rose 51% to $136 million, while the average NFT sale price climbed 40% to $146, despite only a 7% increase in the number of trades. This trend highlights a shift toward high-value asset collecting, as investors increasingly prioritize premium NFTs over volume [1].

Profile Picture (PFP) NFTs continue to dominate, accounting for 37% of total trading volume, followed by real-world asset (RWA) NFTs at 11%. The latter’s growth reflects rising institutional interest in tokenized physical assets, a trend that could expand the NFT market’s appeal beyond speculative trading [1]. Pudgy Penguins has emerged as a standout performer, surpassing the Bored Ape Yacht Club (BAYC) in market cap and now trailing only CryptoPunks. Its floor price has surged 539% since launch, with a 7% weekly gain driven by strategic developments during the bear market and a physical toy line expansion into Asia [1].

Blue-chip projects are reinforcing the recovery. CryptoPunks saw a 53% increase in floor price, maintaining its position as one of the most traded collections. Moonbirds, following a new ownership change and partnership with Towns, recorded a 600% spike in trading volume and a 60% rise in floor price, though its USD value remains down 64% from mint prices [1]. Art Blocks is also gaining momentum, with average sale prices rising 156% after introducing enhanced collector tools and user experience upgrades. A notable driver has been generative art projects like Fidenza, which saw heightened demand [1].

CoinGecko’s recent report further validates the market’s revival, noting a 20% daily increase in total NFT market capitalization, pushing it from $5.1 billion to $6.3 billion [1]. This aligns with DappRadar’s findings, suggesting renewed investor confidence and institutional engagement. Analysts have highlighted the role of RWA NFTs in attracting traditional investors, though the broader market’s sustainability hinges on continued innovation and adoption of use cases beyond speculative trading.

The resurgence underscores a broader shift in NFT market dynamics. With blue-chip collections leading the charge and emerging projects like Pudgy Penguins capturing investor attention, the sector appears to be transitioning from a speculative phase to a more structured, value-driven ecosystem. However, challenges such as macroeconomic conditions and regulatory developments could influence future growth. For now, the data points to a market reawakening, with key players positioning themselves for a potential bull run [1].

Source: [1] [NFT Market Roars Back as Cap Nears $7B, Blue Chips Lead the Charge] [https://coinmarketcap.com/community/articles/6883928a47f0ca5c1f9bd1f9/]