NFT Market Roars Back as Cap Nears $7B, Blue Chips Lead the Charge

A new report by DappRadar reveals that total market capitalization surged 94% during the month, reaching nearly $7 billion — the highest since early 2025. Weekly trading volume jumped 51% to $136 million, while the average NFT sale price climbed 40% to $146. Despite only a 7% increase in the number of trades, the trend indicates a collector preference for higher-value assets.

Profile Picture (PFP) NFTs remain dominant, accounting for 37% of total volume, followed by real-world asset (RWA) NFTs at 11%, which reflects the growing institutional interest in tokenized physical assets. Other categories like Sports, Music, Fashion, and Gaming NFTs recorded comparatively lower traction.

Pudgy Penguins has emerged as the biggest winner in this revival. The project surpassed Bored Ape Yacht Club (BAYC) in market cap and now sits just behind CryptoPunks. Its floor price has soared 539% since launch, with a 7% rise in the past week alone. The collection’s success is attributed to steady development during the bear market and expansion into Asia, including physical toy lines.

The NFT market is showing serious signs of a comeback 📈

With market cap up 94% and volume jumping 51%, collections like Pudgy Penguins and Art Blocks are stealing the spotlight.

Is this the start of the next bull run?
Dive into the full article 👇

— DappRadar (@DappRadar) July 24, 2025

CryptoPunks also made a notable return, with a 53% increase in floor price. The collection remains one of the most traded, reinforcing its status as a blue-chip Web3 asset. Meanwhile, Moonbirds recorded a 600% spike in volume and a 60% rise in floor price after new ownership and a strategic partnership with Towns, though it’s still down 64% in USD terms since mint.

Art Blocks is also regaining momentum, following the launch of enhanced collector tools and UX improvements. Generative art projects like Fidenza drove a 156% surge in average sale prices. Earlier this week, CoinGecko reported a 20% daily jump in total NFT market cap, from $5.1 billion to $6.3 billion, further signaling renewed interest in the space.