NFTs Are Back! The Comeback You Didn’t See Coming 😂📈

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In the heat of the dust, after a long stretch where optimism was akin to catching a shadow, the NFT market, with all its peculiar charms, decided to dust itself off and strut back into the limelight this month. A fresh analysis by that ever-observant DappRadar reveals a staggering 94% jump in market capitalization from the drowsy month of June, reaching a tidy sum of $6.6 billion. Can you smell the excitement? Or is it just the old socks in the corner?

The NFT market is flexing its muscles 📈

With a spiffy 94% rise in market cap and a 51% bounce in volume, whimsical collections like Pudgy Penguins and that hoity-toity Art Blocks are hogging the stage like they own it.

Could this be the dawn of another bullish frolic? Dive into the full tale 👇

— DappRadar (@DappRadar) July 24, 2025

As the report further unfurls its narrative, the weekly NFT trading volumes have leapt to a staggering $136 million, marking a robust 51% uptick from the week before. This is, without a doubt, the most vigorous weekly volume this weary sector has seen in five months. Stars are surely aligning for this digital treasure.

The Resurgence of NFTs in July

Ethereum-based
ETH
$3,726
24h volatility: 2.1%
Market cap: $449.45 B
Vol. 24h: $54.89 B

CryptoPunks, like a granddaddy showing off his war medals, led the charge, with its floor prices vaulting 53%. On a jolly Monday, the floor price shot up to 47.50 ETH, a cheeky 15.9% increase from the day’s humble starting floor of 40.9 ETH. Who said money doesn’t grow on trees? More like it grows on quirky digital tokens.

In a bid to hunt for gold, 83 NFTs from the collection found their way into the eager hands of new collectors, all hot and bothered over this so-called “best crypto to buy.” It seems our digitally-savvy friends are back in business.

Meanwhile, GameSquare Holdings commanded the spotlight by acquiring Punk #5577 for the princely sum of $5.15 million in preferred stock. Originally snagged in 2017 for a mere $454, this little chap was proudly resold for $7.7 million in 2022. Talk about appreciating value—if only my old baseball cards could follow suit!

The month’s NFT market resurgence received a hearty pat on the back, thanks to the dazzling success of Snoop Dogg’s brand-new NFT collection. Earlier this month, our favorite rap maestro raked in nearly 1 million NFT sales in the blink of an eye, generating over $12 million in record time. Who knew digital art could be this lucrative? If only my grandma knew how to use a computer.

Pudgy Penguins
PENGU
$0.0379
24h volatility: 4.7%
Market cap: $2.41 B
Vol. 24h: $1.12 B

, another showstopper, briefly wrested the crown from CryptoPunks in seven-day trading volume last week but has since wriggled back to second place. Ah, the fickle nature of fame.

Brief Setback Amidst Crypto’s Rollercoaster Ride

Despite the encouraging sparkle of July, NFT trading remains like a cat on a hot tin roof, particularly sensitive to the tremors of the broader market. DappRadar sang a sad tune about the steady decline in NFT trading volumes from Q2 2024 to Q2 2025 before this month’s lively bounce—such is the tempestuous nature of the game.

Recent whispers from Cryptoslam have revealed a stark drop in NFT sales volume by 45% down to $32.4 million in the last 24 hours, coinciding with a measly 1% reduction in the overall crypto market cap. Seems like the winds of fortune can change faster than you can say “blockchain.”

Experts, in their wisdom, had heralded the potential for an NFT comeback. In May, the keen eyes of DappRadar analyst Sara Gherghelas pointed out that while the sector could rally, it would require fresh winds in its sails—one possible gust being real-world assets to crank up sustained growth. Here’s hoping for all the dreamers and the collectors wandering in this digital wilderness!

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2025-07-25 16:40