NFT Market Cap Surges to $6.6B in July as CryptoPunk Sells for $5M – Are NFTs Back?
Main Idea
The NFT market experienced a significant resurgence in July 2025, with market capitalization surging 94% to $6.6 billion, driven by blue-chip collections and regulatory clarity.
Key Points
1. NFT market capitalization surged 94% to $6.6 billion in July 2025, with weekly trading volumes spiking 51% to $136 million.
2. Blue-chip collections like CryptoPunks and Pudgy Penguins drove the market revival, with CryptoPunks seeing a 53% floor price increase.
3. Moonbirds and Art Blocks staged comebacks, with Moonbirds' trading volume soaring 600% and Art Blocks' average sale prices jumping 156%.
4. Telegram NFTs gained traction, with Snoop Dogg’s NFT collection selling out in 30 minutes and the Telegram NFT Gifts market reaching $200 million capitalization.
5. Regulatory clarity from SEC Commissioner Hester Peirce confirmed many NFTs do not qualify as securities, and a court ruling affirmed NFTs can be trademarked as physical products.
Description
The NFT market experienced a dramatic resurgence in July 2025, with market capitalization surging 94% to $6.6 billion and weekly trading volumes spiking 51% to $136 million, marking the highest levels since early 2025 after months of consecutive quarterly declines. According to a new report from DappRadar , average NFT prices jumped 40% in seven days to reach $146, while sales increased just 7%, indicating a clear shift toward higher-value assets and the return of blue-chip collecting culture. S...
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