Market capitalization doubles, floor price and volume soar, is NFT experiencing a resurgence?

Author: DappRadar

Compiled by: Felix, PANews

The NFT market is showing real signs of recovery.

After months of sideways trading, we are finally seeing signs of recovery: floor prices are rising, market capitalization is rebounding, and some familiar names are surpassing established NFTs. From Pudgy Penguins outpacing BAYC to the unexpected return of Art Blocks, the market atmosphere is changing.

This article will analyze the latest data, focusing on the best-performing categories and series, and explore whether this is a temporary fluctuation or the beginning of a larger trend.

Key Points:

• In July, the market value of NFTs surged by 94%, reaching nearly $7 billion, marking the highest level since early 2025.
• Weekly trading volume surged by 51%, reaching $136 million, making July one of the best-performing months since February.
• The average price of NFTs rose by 40% over the past 7 days, reaching $146, but the trading volume only increased by 7%, clearly indicating that traders are shifting towards higher value assets.
• Pudgy Penguins' market cap has surpassed BAYC, with the floor price increasing by 539% since its launch, and it has risen by 7% just this week.
• The floor price of CryptoPunks has increased by 53%, marking a return of interest in blue-chip stocks and the resilient culture of Web3.
• Driven by the new owners and airdrop hype, Moonbirds' trading volume surged by 600%, but the floor price has still decreased by 64% since its launch.

1. NFT Market Overview

The NFT market is showing strong signs of recovery. Since the beginning of this month, the market capitalization has increased by 94%, reaching $6.6 billion, the highest level since early 2025.

Weekly trading volume surged by 51%, reaching 136 million USD, poised to make July one of the best-performing months since February.

Sales increased by 7% month-on-month, but the overall sales this month will not exceed that of June. Last month's sales exceeded 5 million, while July has just broken through the 3 million mark. What is the reason? ETH has risen, and NFTs are also on the rise. In just 7 days, the average price of NFTs surged by 40%, reaching $146.

Trading volume decreases, prices rise, and the market is changing. The blue-chip stock craze is returning.

2. Popular NFT Categories——Weekly Performance

With the obvious return of the blue chip stock craze, this article focuses on the best-performing NFT categories of the past week. Unsurprisingly, PFP leads with 37% of the total trading volume. Following closely is RWA NFT, accounting for 11%, indicating that the tokenization narrative still has vitality.

However, not all categories have joined the upward trend. NFTs in the fields of sports, music, and fashion have not seen a surge. Although game NFTs performed steadily in the second quarter, their popularity has slightly cooled down, and sales have noticeably declined this week.

Nevertheless, the dominance of PFP aligns with the current market sentiment. Whenever the NFT market heats up, PFP always takes the lead, just like in previous bull market cycles. Some things do not change easily.

3. This week's notable NFT series

This week's market focus is on the major movements of top NFTs, the return of enthusiasm, and a series of floor price activities.

Pudgy Penguins**: A New Heavyweight Collection**

Pudgy Penguins' market value has officially surpassed that of Bored Ape Yacht Club, now only second to CryptoPunks. Since its launch, the floor price has increased by 539%, and it has risen another 7% in the past 7 days.

How did Pudgy Penguins do it? It's simple: they launched during a bear market. From IRL benefits to bridging Web2 and Web3, and now expanding into Asia through plush toys, the brand's emergence is perfectly timed, especially with the current hype around collectibles.

CryptoPunks**: Back in the Spotlight**

The punk era has never truly ended, but it seems to have regained its luster. Just this week, the floor price has risen by 53%, and the collection remains one of the most actively traded collectibles.

Don't forget, this was a free mint in 2017. Whenever the market shows new vitality, the punk series returns to the spotlight. They remain the gold standard of Web3 influence. For some, owning a punk collectible is not just about making money — it is also a symbol of identity, pure and simple. And now, this status of identity is becoming increasingly popular.

Moonbirds**: Surprise Rebound**

Moonbirds is back, to be honest, it caught me off guard. After fading out of the blue-chip status, Moonbirds staged a strong comeback:

• The floor price has risen by 60%
• Trading volume increased by 600%

What caused this? Following the acquisition by Orange Cap Games in May, the company announced a partnership with Towns on July 19. Holders can now access a private on-chain space and increase their points before the airdrop.

It is worth mentioning that since its issuance, the dollar value of Moonbirds has still fallen by 64%, so there is still a long way to go in the future. That said, its momentum is strengthening.

Art Blocks**: Quietly Returning**

If there is anything that can unleash the energy of a bull market, it is the return of Art Blocks. This week, it has entered the ranks of the highest trading volume collectibles, with an average selling price soaring by 156%.

On July 10, the platform announced a major transformation, launching collector profiles, wallet aggregation, an achievement system, and providing a better user experience for ordinary collectors.

The market has also noticed this. Top projects like Fidenza have rekindled people's interest, and Feels like Art is starting to come back into the discussion of NFTs.

PFP and art are rapidly developing, and if historical experience can prove this, then this combination will open the next round of the NFT bull market. It is still too early to draw conclusions, but signals have already appeared. Looking forward to next week's trends.

4. Summary

The past week has glimpsed the possibility of an NFT revival: floor prices are rising, PFPs are regaining dominance, and Art is quietly making a strong comeback. Pudgy Penguins have surpassed BAYC, CryptoPunks are heating up again, and Moonbirds are soaring high, all of which suggest one thing: the market is shifting, and attention is refocusing on NFTs.

Related reading: Pudgy Penguins trending on Twitter, with the price reaching a new high: from NFT project to a multi-dimensional Web3 ecological IP.