NFT market cap surged to $6.6B in July: DappRadar

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The non-fungible token (NFT) market is displaying indicators of a resurgence, because the sector’s complete market capitalization reached $6.6 billion in July, based on the info platform DappRadar. 

The platform reported on Thursday that the determine represented a 94% enhance from the earlier month. Weekly buying and selling quantity surged to $136 million, up 51% from the prior week, marking the strongest weekly efficiency since February.

The surge adopted a steady decline in quarterly buying and selling volumes. On July 10, DappRadar information confirmed that NFT buying and selling volumes went down persistently from the second quarter of 2024 to the second quarter of 2025.  

CryptoPunks lead resurgence as NFT sells for over $5 million

Ethereum-based NFT collection CryptoPunks has led the cost. According to DappRadar, CryptoPunk flooring costs have jumped 53%. The collection stays essentially the most actively traded amongst NFTs. 

“They’re still the gold standard of Web3 clout,” DappRadar analyst Sara Gherghelas wrote. “For some, owning a Punk is about more than profit — it’s status, pure and simple. And right now, that status is trending.”

On Monday, CryptoPunks recorded an enormous leap in flooring costs. The collection went to a 47.50 Ether (ETH) floor price, price practically $180,000, in 24 hours.

This was a 15.9% enhance from its beginning floor price of 40.9 ETH that day. In addition, information confirmed that 83 CryptoPunks have been purchased by new holders that day. 

Apart from its floor price enhance, high-profile CryptoPunk gross sales have been made.

On Thursday, GameSquare Holdings introduced that it had bought Punk #5577, the long-lasting Cowboy Ape CryptoPunk, for $5.15 million of the corporate’s most well-liked inventory.

Ape-themed Punk sells for over $5 million. Source: CryptoPunks 

The Punk’s earlier proprietor, Robert Leshner, the founding father of DeFi protocol Compound, will now work with GameSquare as a shareholder. 

The CryptoPunk is likely one of the solely 24 ape-themed Punks and has a cowboy hat. It was first claimed in 2017 and was bought for $454. It was bought for $7.7 million on Feb. 9, 2022, based on the CryptoPunks web site. 

Related: Memecoin $79B rally means capital has nowhere higher to go: Exec

Ethereum NFTs dominate rankings 

Apart from CryptoPunks, penguin-themed collection Pudgy Penguins was additionally on the rise.

Last week, Pudgy Penguins surpassed CryptoPunks’ seven-day buying and selling quantity, recording over $20 million. However, on the time of writing, CryptoPunks had regained the highest spot, placing Pudgy Penguins in second place. 

Meanwhile, one other Ethereum-based collection surged after its creator, the heavy steel icon Ozzy Osbourne, died. On Wednesday, CryptoBatz NFTs surged by 400% after information that Osbourne had died reached NFT collectors. 

Magazine: Jack Butcher’s no fan of NFT royalties: ‘You’re getting paid on churn’

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