NFT Market Bounces Back: A Dive Into the New Trends
The Big Comeback
After a period of uncertainty, the NFT market is back with a bang. According to the newest data from DappRadar, July saw a powerful 94% jump in total market capitalization, stoning up to just about $7 billion—the best it has been since early 2025. Weekly trading volumes didn’t lag far behind, growing by 51% to hit $136 million. Interestingly, the typical price of NFTs rose by 40% to $146, although the variety of trades only increased by 7%. This points to a shift out there, where collectors are actually more excited about snagging high-value assets moderately than simply increasing volume.
PFPs and RWAs: The Titans of Trading
Profile Picture (PFP) NFTs are still ruling the scene, making up 37% of the overall trading volume. Not far behind are Real-World Asset (RWA) NFTs at 11%, highlighting a growing institutional interest in tokenizing physical assets. This shift could broaden the NFT market’s appeal beyond the standard speculative buzz. Pudgy Penguins have turn into a crowd favorite, even surpassing the Bored Ape Yacht Club (BAYC) in market cap, only trailing behind CryptoPunks. Since their launch, Pudgy Penguins’ floor price has skyrocketed by 539%, with a 7% weekly increase, due to savvy market strategies and a toy line expansion in Asia.
Blue-Chip Projects: The Backbone of Recovery
Blue-chip NFT collections are making their presence felt on this recovery phase. CryptoPunks experienced a 53% rise in floor prices, maintaining its status as some of the trafficked collections. Moonbirds also made headlines with a 600% jump in trading volume and a 60% hike in floor price after a change in ownership and a strategic partnership with Towns, despite its USD value being down 64% from mint prices. Art Blocks is joining the fray too, with a 156% rise in average sale prices, fueled by improved collector tools and user experiences. Generative art projects like Fidenza are also stirring up demand, adding to the momentum.
CoinGecko’s Take: A Validation of Growth
A report from CoinGecko backs up this market revival narrative, noting a 20% day by day increase in total NFT market capitalization. This aligns with DappRadar’s observations, suggesting a renewed wave of investor confidence and institutional interest. Analysts indicate that RWA NFTs are particularly appealing to traditional investors. However, the market’s long-term sustainability will depend upon continued innovation and expanding use cases beyond just trading for profit.
Looking Ahead: Challenges and Opportunities
This resurgence is greater than only a transient uptick—it is a shift within the dynamics of the NFT market. With blue-chip collections setting the pace and recent projects like Pudgy Penguins grabbing attention, the industry appears to be moving from speculative ventures to a more structured, value-oriented ecosystem. Still, potential hurdles like macroeconomic aspects and regulatory changes could impact future growth. For now, the info indicates a market on the mend, with major players gearing up for what might be the following big bull run.
Source: [1] NFT Market Roars Back as Cap Nears $7B, Blue Chips Lead the Charge
Image Credit: www.ainvest.com
