In July, non-fungible token (NFT) sales soared to over $574 million, marking the second-highest monthly volume of 2025, as reported by CryptoSlam. This figure reflects a 47.6% increase from June's $388.9 million, though it remains below January's peak of $678.9 million. The number of transactions fell from 5.5 million to 5 million, a 9% decrease, while the average sale price rose to $113.08, the highest in six months, indicating a trend towards higher-value purchases. Unique buyers decreased to 713,085, down 17% from July's 860,134, while unique sellers increased by 9% to 405,505, suggesting a consolidation among buyers. The NFT market capitalization surpassed $8 billion, a 21% rise from $6.6 billion on July 24. Ethereum continued to lead NFT sales with $275.6 million, a 56% increase, while Bitcoin and Polygon followed. Notably, Pudgy Penguins outperformed other collections with a 65.44% rise in floor prices, surpassing even CryptoPunks. Read more AI-generated news on: https://app.chaingpt.org/news

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