Yat Siu, Chairman of Animoca Brands, assesses that NFTs could help Ethereum reach new heights (ATH).
According to Yat Siu, NFTs are not just a side aspect but a core factor that creates the cultural and financial strength of Ethereum, with the potential to drive the value breakthrough of Ether in the near future.
MAIN CONTENT
Yat Siu believes NFTs will drive Ethereum to establish a new ATH based on the key role of NFTs in the ecosystem.
NFT transaction volume has decreased, but the number of transactions and NFT users has increased significantly in the second quarter of 2025.
ETH price increased by 133% in the last 3 months, helping the NFT market and total NFT market capitalization recover positively.
Can NFTs drive Ethereum's price to a new peak?
Yat Siu, Chairman of Animoca Brands, asserts that NFTs play an essential role in the Ethereum ecosystem and can help ETH reach new heights. He bases this on real-world experience when ETH previously reached ATH in November 2021 thanks to the NFT boom.
He emphasized: "NFTs are the backbone of Ethereum's cultural economy, not only representing finance but also symbolizing culture, status, and social connections." The release of the Ethereum Torch NFT to commemorate the 10th anniversary is evidence of this importance.
NFTs are a pillar in the cultural economy of Ethereum, supporting artists, creators, teachers, and students comprehensively.
Yat Siu, Chairman of Animoca Brands, 2024
Why has the NFT transaction volume decreased while the number of transactions has increased?
Data from Dappradar shows that NFT transaction volume decreased by 45% from 1.5 billion USD in the first quarter to 823 million USD in the second quarter of 2025. At the same time, the number of NFT transactions increased by 78%, reaching nearly 12.5 million transactions.
Analysis shows that the market trend is shifting from high-value transactions to smaller transactions, popular among new users or those newly experimenting with NFTs. The average price per NFT transaction on Ethereum is currently around 80 to 100 USD.
The number of monthly NFT traders has increased by 20% to an average of 668,598 people, indicating growing and more sustainable interest.
How has ETH price recovered and impacted the current NFT market?
In the last 3 months, ETH price has increased over 133%, surpassing 3,800 USD for the first time since February 2024. This price increase contributes to a positive momentum for the NFT market.
According to a report from Cryptoslam, the total market capitalization of NFTs has nearly reached 11 billion USD, although lower than the peak of 15.6 billion USD in August 2021, it is still a positive sign for the revival of the NFT industry.
The recovery of the NFT market is not coincidental but involves thorough preparation from NFT funds, although there is still debate about the sustainability in the current cycle.
Jason Yanowitz, co-founder of Blockworks, 2024
However, Ethereum only accounts for about 50% of the total global NFT transaction volume, proving that this market is diversifying and developing across multiple platforms.
Frequently Asked Questions
Are NFTs the main factor driving Ethereum's price increase?
Expert Yat Siu points out that NFTs play a core role in the Ethereum ecosystem and contributed to the ATH in 2021, laying the foundation for sustainable price increases.
Why has the NFT transaction volume decreased while the number of transactions has increased?
This is a trend of small NFT purchases, reflecting the increase in new users and experimental transactions, demonstrating a more diverse development of the market.
How is ETH price related to the NFT market?
The significant increase in ETH price creates an investment attraction to NFTs and products on the Ethereum platform, stimulating development and cash flow into NFTs.
What percentage of the NFT market does Ethereum currently occupy?
Ethereum accounts for about 50% of the total global NFT transaction volume, demonstrating a central position but also facing competition from other platforms.
What other factors, apart from NFTs, influence ETH price?
In addition to NFTs, factors such as DeFi development, asset tokenization, and acceptance by large organizations also play important roles.
Source: https://tintucbitcoin.com/nft-ethereum-keo-eth-len-dinh-moi/
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