NFT Sales Hit $574 Million in July, Second-Highest Monthly Total of 2025
Main Idea
NFT sales surged to $574 million in July 2025, marking the second-highest monthly total of the year, driven by Ethereum's price rally and a shift toward higher-value purchases despite fewer buyers.
Key Points
1. NFT sales in July 2025 reached $574 million, a 47.6% increase from June but below January's peak of $678.9 million.
2. Ethereum-based collections dominated the market, with CryptoPunks leading at $69.2 million in total value traded, followed by Pudgy Penguins ($55.5 million).
3. The average sale value rose to $113.08, the highest in six months, indicating a trend toward premium NFT purchases despite a 17% drop in unique buyers.
4. Ethereum's NFT sales surged 56% to $275.6 million, while Bitcoin and Polygon saw modest gains, and BNB Chain experienced a 54% drop in sales.
5. The NFT lending market collapsed by 97% from January 2024 to May 2025, with major platforms like DraftKings and GameStop shutting down their NFT services.
Description
NFT sales surged to over $574 million in July, marking the second-highest monthly total in 2025, according to data from CryptoSlam . Key Takeaways: NFT sales jumped to $574 million in July, marking a 47.6% monthly increase. Buyers are consolidating around high-value assets, with average sale prices hitting $113. Ethereum-based collections dominated the market, fueled by ETH’s price surge. The figure reflects a 47.6% jump from June’s $388.9 million, though it still lags behind January’s peak of $...
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