NFT

The NFT market is experiencing a strong resurgence, with market capitalization soaring nearly $7 billion. Blue-chip projects like Pudgy Penguins are leading the trend, with both floor prices and trading volumes rising, suggesting that the market may be entering a new spring. This article is based on a piece by DappRadar, organized, translated, and written by P ANews. (Background: Blue-chip NFTs rebound! Moonbirds surged 50% in a week; how should investors position themselves?) (Background Information: Anonymous whale scoops up 45 CryptoPunks! Are NFTs on the ETH chain starting a surprise attack?) The NFT market is showing tangible signs of recovery. After months of sideways trading, we are finally seeing momentum: floor prices are rising, market capitalization is rebounding, and some familiar names are surpassing established NFTs. From Pudgy Penguins surpassing BAYC to the unexpected return of Art Blocks, the market atmosphere is changing. This article will analyze the latest data, focusing on the best-performing categories and collections, and explore whether this is merely a temporary fluctuation or the beginning of a larger trend. Key Points: NFT market capitalization soared 94% in July to nearly $7 billion, reaching its highest level since early 2025. Weekly trading volume surged 51% to $136 million, making July one of the best-performing months since February. The average price of NFTs rose 40% in 7 days to $146, but trading volume only increased by 7%, clearly indicating that traders are shifting to higher-value assets. Pudgy Penguins surpassed BAYC in market capitalization, with its floor price rising 539% since launch and increasing by 7% just this week. The floor price of CryptoPunks rose 53%, marking a renewed focus on blue-chip assets and the return of Web3 resilience culture. Fueled by new ownership and airdrop hype, Moonbirds' trading volume surged 600%, yet its floor price has still dropped 64% since launch. 1. Overview of the NFT Market The NFT market is showing strong signs of recovery. Since the beginning of this month, market capitalization has increased by 94% to $6.6 billion, the highest level since early 2025. Weekly trading volume jumped 51% to $136 million, likely making July one of the best-performing months since February. Sales grew by 7% month-over-month, but overall monthly sales will not exceed June's. Last month saw over 5 million sales, while July has just surpassed 3 million. What is the reason? ETH is rising, and NFTs are rising too. In just 7 days, the average price of NFTs surged by 40% to $146. Volume has decreased, prices are rising, and the market is changing. The blue-chip craze is back. 2. Popular NFT Categories - Weekly Performance With the clear return of the blue-chip craze, this article focuses on the best-performing NFT categories over the past week. As expected, PFPs are leading the way, accounting for 37% of total trading volume. RWA NFTs closely follow with 11%, indicating that the tokenization narrative still has vitality. However, not all categories have joined the upward trend. NFTs in sports, music, and fashion have not shown an upward trend. Although gaming NFTs performed steadily in the second quarter, their popularity has slightly cooled, with significant declines in sales this week. Nevertheless, the dominance of PFPs aligns with the current market sentiment. Whenever the NFT market heats up, PFPs are always the first to surge, just like during previous bull market cycles. Some things are not easily changed. 3. Standout NFT Collections This Week The market focus this week is on the significant movements of top NFTs, the return of popularity, and a series of floor price activities. Pudgy Penguins: The New Heavyweight Collection The market capitalization of Pudgy Penguins has officially surpassed Bored Ape Yacht Club, now second only to CryptoPunks. Its floor price has risen 539% since launch and increased by 7% in the past 7 days. How did Pudgy Penguins achieve this? It's simple: they launched during the bear market. From IRL benefits to connecting Web2 and Web3, and now expanding into Asia through plush toys, the brand's emergence is timely, especially with the current hype around collectibles. CryptoPunks: Back in the Spotlight The era of Punks never really ended, but it seems to have regained its luster. Just this week, the floor price rose by 53%, and the collection remains one of the most actively traded collectibles. Remember, this was a free mint project back in 2017. Whenever the market shows new vitality, the Punk collection returns to the spotlight. They are still the gold standard of Web3 influence. For some, owning a Punk collectible is not just about making money — it is purely a symbol of status. And now, this status is becoming increasingly sought after. Moonbirds: A Surprising Rebound Moonbirds is making a return, and honestly, it's a bit surprising. After fading from blue-chip status, Moonbirds staged a strong rebound: floor price up 60%, trading volume up 600%. What caused this? After being acquired by Orange Cap Games in May, the company announced a partnership with Towns on July 19. Holders can now access a private on-chain space and earn points before the airdrop. It is worth mentioning that since its launch, the dollar value of Moonbirds has still dropped by 64%, so there is still a long way to go. That said, momentum is building. Art Blocks: A Quiet Return If there’s anything that can unleash the energy of a bull market, it’s the return of Art Blocks. This week, it entered the list of the largest trading volume collectibles, with an average sale price soaring 156%. On July 10, the platform announced a significant overhaul, introducing collector profiles, wallet integration, achievement systems, and providing a better user experience for regular collectors. The market has also noticed this. Top projects like Fidenza have reignited interest, and 'Feels like Art' is beginning to re-enter NFT discussions. PFPs and art are accelerating in development, and if history serves as a guide, this combination will usher in the next round of the NFT bull market. There is no conclusive evidence yet, but signals are emerging. Looking forward to next week's trends. 4. Conclusion The past week has given us a glimpse of the potential resurgence of NFTs: floor prices are climbing, PFPs are regaining dominance, and art is quietly making a comeback with strength. Pudgy Penguins surpassing BAYC, CryptoPunks heating up again, and Moonbirds soaring all suggest one thing: the market is changing, and attention is refocusing on NFTs. Related Reports GameSquare treasury acquires NFTs! $5.15 million preferred stock acquisition of the cowboy ape 'CryptoPunk #5577' locks in DeFi annual yield. Is NFT summer back? Check out how the established projects are once again...