According to data from CoinMarketCap, the market capitalization of NFTs has already surpassed $28.4 billion, representing a 40% increase compared to July.
This increase is mainly due to the rise in the price of Ethereum, which recently surpassed $4,700. As a consequence, many Ethereum-based collections have seen their value increase. In fact, as its price is expressed in ETH, when its value increases mathematically, the value of NFT collections also increases.
Among the most popular collections are CryptoPunks, which remains at the top with a market capitalization of $2.4 billion. It is followed by Bored Ape Yacht Club (BAYC) and Pudgy Penguins.
Pudgy Penguins recently surpassed BAYC in weekly volume. With $8.7 million, the penguins outperformed the monkeys, which recorded $6.3 million.
This price increase should allow many owners to recover their costs after months of decline. It is almost certain that many will sell their hard-earned NFTs during the 2021 boom.
In July, there was a resurgence of NFT activity, with sales of $574 million —the second highest monthly volume of 2025—, a 47.6% increase compared to June. While there was a slight decline in the number of transactions (5 million), the average sale price rose to $113, its highest in six months.
This implies that buyers are now focusing on more expensive NFTs, a trend that, combined with Ethereum valuations, is driving renewed confidence in the market and a possible structural shift in favor of quality over quantity.
July 2025 brought a strong rebound in NFT activity, with total sales reaching $574 million, the second highest monthly figure of the year and a 47.6% increase compared to June.
Although the number of transactions fell by approximately 9%, the average sale price skyrocketed to $113, a six-month high, indicating that buyers are consolidating in higher-value assets.
In particular, Ethereum-based collections, driven by the strength of ETH, continued to be dominant, representing the majority of trading activity and signaling broad confidence in the sector's rebound.
