The NFT market shows strong signs of recovery

Recently, the NFT market has shown a significant warming trend. After several months of sideways consolidation, the market has finally welcomed a notable upward trend: the floor prices of multiple projects have risen, the total market value has rebounded significantly, and some emerging projects are starting to surpass traditional popular NFTs. From penguin projects surpassing Bored Apes to the unexpected return of generative art platforms, the market atmosphere is undergoing a huge change.

Market Overview

In July, the NFT market performed brilliantly:

• Market value surged by 94%, reaching nearly $7 billion, a new high since the beginning of 2025.
• Weekly trading volume increased by 51% to $136 million, with July expected to be the best month since February this year.
• The average price of NFTs increased by 40% over the week to $146.
• The number of transactions has only increased by 7%, indicating that traders are shifting towards high-value assets.

Popular NFT Categories

In the past week, PFP NFTs performed the best, accounting for 37% of the total trading volume. Following that are RWA NFTs, which accounted for 11%, indicating that the tokenization narrative still holds appeal. However, NFTs in the sports, music, and fashion sectors have failed to keep up with the upward momentum. The popularity of gaming NFTs has also slightly cooled, with a noticeable decline in sales.

Eye-Catching NFT Projects

1. Penguin Project: Market cap surpasses Bored Ape, becoming the second top project after Punk. Since its launch, the floor price has increased by 539%, with a further rise of 7% in the past week.

2. CryptoPunks: The floor price rose by 53% this week, with trading activity remaining high. As a benchmark of Web3 influence, the Punk series returns to the spotlight whenever the market warms up.

3. Moonbird: Surprisingly strong rebound, floor price up by 60%, trading volume surged by 600%. The new owner and airdrop expectations have driven this surge, but there is still a significant gap from the issuance price.

4. Generative Art Platforms: Quietly making a comeback into the spotlight, with average prices soaring by 156%. The platform's recent new features have attracted market attention, and top projects are once again favored.

Outlook

The accelerated development of PFP and art NFTs may herald the arrival of a new bull market. While it is still difficult to draw a conclusion, various signs indicate that the NFT market is undergoing positive changes. The rise in floor prices, the return of blue chips, and the emergence of new projects all suggest that market attention is once again focused on the NFT sector. The market trend in the coming week will further verify whether this trend continues.