Ethereum-Based NFTs Could See Increased Market Activity Amid July Sales Surge and Rising Average Values
Main Idea
Ethereum-based NFTs saw a significant surge in sales and average values in July 2025, driven by strong demand for high-value digital assets and Ethereum's price rally.
Key Points
1. NFT sales reached $574 million in July 2025, a 47.6% increase from June, with an average sale value of $113.08, the highest in six months.
2. Ethereum-based NFTs dominated the market, with CryptoPunks and Pudgy Penguins leading in trading volume and floor price increases.
3. Ethereum led blockchain NFT sales with $275.6 million, followed by Bitcoin and Polygon, while Cardano showed the highest growth rate at 102%.
4. Unique buyers decreased by 17% while unique sellers increased by 9%, indicating market consolidation with fewer buyers acquiring higher-value NFTs.
5. Ethereum's price rally to over $3,900 boosted valuations across Ethereum-based NFT collections, contributing to the market's growth.
Description
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