The NFT landscape witnessed a remarkable revival in July 2025, igniting conversations throughout the blockchain community. Market capitalization skyrocketed by a staggering 94%, reaching an impressive $6.6 billion, while weekly trading volumes surged 51% to hit $136 million—marking figures not seen since early 2025, after a challenging period of consecutive quarterly declines. According to DappRadar’s latest findings, average NFT prices experienced a significant boom, climbing 40% in just one week to reach $146. This uptick in prices amid only a 7% increase in sales suggests a pronounced shift towards high-value assets, signaling the resurgence of blue-chip collecting culture within the NFT sphere.
This resurgence is particularly noteworthy considering the NFT sector’s struggles over the past couple of years. The first half of 2025 saw Q2 trading volumes plunge 80%, dropping to $823 million from a staggering $4 billion the previous year. Many major platforms shuttered their NFT operations, and the lending market experienced a remarkable collapse, plummeting 97% from its nearly $1 billion monthly volume. As 2025 progressed, the fortunes of the NFT market appeared bleak, but recent developments signal an optimistic turnaround.
Among the major players riding this wave of revival, Moonbirds staged a breathtaking comeback, with trading volumes skyrocketing by 600% and floor prices climbing 60% following a key partnership announcement with Towns and its acquisition by Orange Cap Games. Similarly, the Art Blocks platform made waves, as average sale prices increased a phenomenal 156% thanks to platform enhancements and the rollout of innovative collector features.
When it comes to blue-chip collections, CryptoPunks stood out prominently, showcasing a remarkable 53% increase in floor prices. This iconic collection has cemented its status as the gold standard of Web3 collectibles. Despite launching as a free mint back in 2017, CryptoPunks remains a hot commodity, attracting significant trading activity with each market recovery.
Meanwhile, Pudgy Penguins claimed a spot in NFT history by surpassing the Bored Ape Yacht Club in market capitalization. With an astonishing floor price surge of 539% since its mint, the collection now confidently sits just behind CryptoPunks in the NFT hierarchy. Its appeal is further bolstered by tangible merchandise like plush toys, which have fostered a bridge between Web2 and Web3 experiences and effectively tapped into the collectibles hype cycle.
Art Blocks, too, enjoyed its own resurgence, making its way back into the top-traded collections for the first time in months. The platform’s launch of Collector Profiles, wallet integration, achievements, and a user-friendly experience revitalized interest among collectors, particularly for high-caliber projects like Fidenza. Additionally, profile picture NFTs dominated the NFT scene, making up 37% of total trading volume, while real estate digital assets captured 11%.
Conversely, NFTs related to sports, music, and fashion seemed to lack the energy to gain momentum, and gaming NFTs cooled off after a robust Q2 performance. This revival pattern arguably mirrors past cycles, where profile pictures and art categories have led the charge during market recoveries, transitioning from volume-driven trades to fewer but more valuable transactions.
Exciting developments on platforms like Telegram have also fueled this optimism. Notably, Snoop Dogg’s NFT collection reportedly sold out in a mere 30 minutes, raking in over $12 million in sales and nearly one million unique purchases. The Telegram NFT Gifts market recently hit a $200 million capitalization mark, with daily trading volumes surpassing $8 million.
🎤 @SnoopDogg’s digital collectibles explode with $12M in 30 minutes via Telegram as TON blockchain NFT market cap surges to $200M sparking major comeback speculation.#SnoopDogg #NFT #TON https://t.co/4SEvevUEzR
Furthermore, Telegram’s founder, Pavel Durov, announced the forthcoming launch of blockchain minting capabilities and secondary market functions, promising to take NFT interactions to the next level. Major brand players like the Bored Ape Yacht Club are exploring launching Bored Ape Originals sticker packs on Telegram, drawing attention and legitimacy to the growing TON ecosystem. Other influential collections such as Pudgy Penguins and Moonbirds are also keen to explore NFT sticker collections.
Amidst all this buzz, clarity from regulatory bodies has sparked newfound hope in the NFT domain as well. SEC Commissioner Hester Peirce recently confirmed that many NFTs do not classify as securities—offering reassurance as the industry navigates toward clearer regulatory landscapes. The SEC Crypto Task Force, led by Peirce, is poised to provide essential guidance for digital assets through ongoing round tables and dialogues with industry stakeholders.
⚖️ Appeals court overturns @yugalabs $9 million BAYC victory against @ryder_ripps ordering jury trial on consumer confusion in landmark trademark case.#YugaLabs #RyderRipps #NFTs https://t.co/YMIq1BZbJu
The Ninth Circuit Court of Appeals recently established significant legal precedent by affirming that NFTs can indeed be trademarked as goods under the Lanham Act, setting them apart from intangible content tied to physical products. This landmark ruling emphasizes that NFTs serve as membership passes and source-identifying assets within commercial markets, heralding a new era for how NFTs might interact within the wider economy.
As we look ahead, it’s clear that the NFT market is not merely bouncing back—it’s evolving. With fresh support from regulatory clarity, innovative partnerships, and an enthusiastic collector community, the future of NFTs appears promising. Are you ready to delve into the vibrant world of NFTs? The time to explore these digital assets is now.