The NFT market shows signs of recovery, with blue-chip projects leading a new round of rise.

The NFT market is showing clear signs of recovery. After months of sideways consolidation, the market is finally experiencing a warming trend: floor prices are generally rising, market capitalization is starting to rebound, and some familiar projects are surpassing established NFTs. From Pudgy Penguins surpassing BAYC to the unexpected return of Art Blocks, the market atmosphere is changing.

Market Overview

Since July, the NFT market has performed brilliantly:

• Market capitalization surged 94%, reaching nearly $7 billion, a new high since the beginning of 2025.
• Weekly trading volume rise 51% to $136 million, with July expected to be the best month in nearly half a year.
• The average price of NFT has risen by 40% over the past 7 days to $146.
• The number of transactions only rose by 7%, indicating that investors 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. Next were RWA NFTs, with a share of 11%. NFTs in the sports, music, and fashion sectors performed moderately, while the popularity of gaming NFTs has also cooled down.

Eye-catching NFT projects

1. Pudgy Penguins: Market value surpasses BAYC, with the floor price rising 539% since issuance, and recently up another 7%.

2. CryptoPunks: The floor price rose 53% over the week, making it one of the most actively traded collectibles again.

3. Moonbirds: Driven by new ownership and airdrop hype, trading volume surged by 600%, and the floor price increased by 60%. However, the dollar value has still dropped by 64% since its release.

4. Art Blocks: This week it has entered the list of the highest trading volume collectibles, with an average price rise of 156%. The platform recently launched several new features, reigniting market interest.

Summary

The current round of the NFT market recovery shows the following characteristics: floor prices have generally risen, PFP projects have regained dominance, and art NFTs have made a strong comeback. Blue-chip projects such as Pudgy Penguins and CryptoPunks have performed well, indicating that the market is shifting, and investors' attention is refocusing on high-quality NFT assets.

Whether this round of rebound can be sustained and whether it can initiate a new bull market cycle still requires further observation. However, positive signals have already appeared in the current market, and the NFT ecosystem is showing new vitality.