#NFT Market Cap Surges to $9.3B on $ETH Rally The NFT market capitalization reached $9.3 billion, marking a 40% increase since July as $ETHs price surge lifted #Ethereum -based collections. Most top NFT projects are denominated in ETH, directly benefiting from the cryptocurrencys momentum. CryptoPunks maintains its position as the largest NFT collection by market cap at approximately $2.4 billion, followed by Bored Ape Yacht Club at $602 million and #PudgyPenguins at $591 million. All top 10 NFT collections by market cap operate on the #Ethereum blockchain. Pudgy Penguins leads recent trading activity with $8.7 million in seven-day volume, surpassing BAYCs $6.3 million. The collection has successfully expanded beyond digital assets into physical toys, helping establish itself as a leading NFT brand. Corporate adoption continues as blockchain company BTCS Inc. added three Pudgy Penguins NFTs to its treasury this week. The move reflects growing institutional interest in blue-chip NFT collections as alternative #treasury assets alongside traditional cryptocurrencies.