NFT Market Cap Surges to $6.6B in July as CryptoPunk Sells for $5M – Are NFTs Back?

The NFT market skilled a dramatic resurgence in July 2025, with market capitalization surging 94% to $6.6 billion and weekly buying and selling volumes spiking 51% to $136 million, marking the very best ranges since early 2025 after months of consecutive quarterly declines.

In keeping with a brand new report from DappRadar, common NFT costs jumped 40% in seven days to succeed in $146, whereas gross sales elevated simply 7%, indicating a transparent shift towards higher-value property and the return of blue-chip gathering tradition.

The revival comes after the sector skilled its worst efficiency for the reason that 2022 peak, with Q2 2025 buying and selling volumes plummeting 80% to $823 million from $4 billion the earlier 12 months.

A number of main platforms shut down their NFT operations, whereas the lending market collapsed by 97% from almost $1 billion in month-to-month quantity.

Notably, Moonbirds staged a stunning comeback with buying and selling quantity hovering 600% and ground costs up 60% following a partnership announcement with Cities and acquisition by Orange Cap Video games.

Artwork Blocks additionally returned to prominence, with common sale costs leaping 156% after platform enhancements and the introduction of recent collector options.

Blue-Chip Collections Drive Market Revival

CryptoPunks emerged because the standout performer with a 53% ground worth enhance, reclaiming its place because the gold customary of Web3 standing symbols.

The gathering stays some of the actively traded regardless of being a free mint from 2017, with every market revival pulling Punks again into the highlight.

Pudgy Penguins formally surpassed Bored Ape Yacht Membership by market capitalization, with ground costs up 539% since mint and gaining a further 7% this week alone.

The gathering now sits immediately behind CryptoPunks out there hierarchy, having constructed persistently through the bear market.

The gathering expanded throughout Asia, that includes plush toys that bridged Web2 and Web3 experiences, delivering real-world utility and resonating with the collectibles hype cycle.

Artwork Blocks skilled a quiet but vital comeback, getting into the top-traded collections for the primary time in months.

The platform launched Collector Profiles, pockets aggregation, achievements, and improved person expertise on July 10, sparking renewed curiosity in top-tier initiatives like Fidenza.

Profile image NFTs dominated the class, accounting for 37% of the entire quantity, adopted by Actual-World Property at 11%.

Sports activities, Music, and Trend NFTs did not catch momentum, whereas Gaming NFTs cooled off after a stable Q2 efficiency.

The revival sample mirrors historic cycles the place PFPs and Artwork classes lead market recoveries, with fewer trades at larger costs changing the volume-driven exercise of earlier intervals.

Telegram NFTs and Regulatory Readability Gasoline Optimism

In keeping with a report Cryptonew lined earlier this month, Snoop Dogg’s NFT assortment bought out fully inside half-hour on Telegram, producing over $12 million in gross sales and almost a million distinctive NFT purchases.

Telegram founder Pavel Durov introduced that blockchain minting capabilities and secondary market performance would launch inside 21 days.

The Telegram NFT Items market reached $200 million capitalization in June, with every day buying and selling volumes exceeding $8 million.

Current launches included Crystal Eagles, which bought 15,000 items at $100 every inside 45 seconds, whereas 300,000 Statues of Liberty bought out in below 5 minutes.

Bored Ape Yacht Membership introduced plans to launch Bored Ape Originals sticker packs on Telegram, lending credibility to the TON ecosystem.

Different outstanding collections, together with Pudgy Penguins, Doodles, and Moonbirds, expressed curiosity in deploying NFT sticker collections.

The market shift coincides with regulatory readability from SEC Commissioner Hester Peirce, who confirmed many NFTs don’t qualify as securities, together with these with creator royalty mechanisms.

The SEC Crypto Process Pressure, below her management, has been offering clearer regulatory steerage for digital property by means of a number of roundtables and business engagement.

Most just lately, the Ninth Circuit Courtroom of Appeals established necessary precedent by affirming that NFTs will be trademarked as items below the Lanham Act, distinguishing them from intangible content material in bodily merchandise.

The ruling confirmed that NFTs operate as membership passes and source-identifying property in industrial markets.

The submit NFT Market Cap Surges to $6.6B in July as CryptoPunk Sells for $5M – Are NFTs Back? appeared first on Cryptonews.