Ethereum-Based NFT Sales See Potential Recovery Amid Market Maturation in July 2025
Main Idea
In July 2025, Ethereum-based NFT sales surged to $574 million, driven by a 47.6% month-over-month increase and higher average sale prices, signaling a maturing market with a focus on quality over quantity.
Key Points
1. July 2025 NFT sales reached $574 million, marking a 47.6% increase from the previous month.
2. The average NFT sale price rose to $113.08, the highest in six months, indicating a shift toward higher-value transactions.
3. Total NFT transactions fell by 9% to five million, suggesting a market preference for quality over quantity.
4. Ethereum remained the dominant blockchain for NFTs, hosting all top 10 collections by market capitalization.
5. Key drivers of the sales surge included renewed investor confidence, innovation in utility-driven NFTs, and improving macroeconomic conditions.
Description
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