The market value has doubled, the floor price and trading volume have skyrocketed, is NFT experiencing a new spring?

Author: DappRadar

Translated by: Felix, PANews

The NFT market is showing real signs of recovery.

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

This article will parse the latest data, highlight the best performing categories and series, and explore whether this is a short-term fluctuation or the beginning of a larger trend.

Key Takeaways:

• NFT market cap surged 94% to nearly $7 billion in July, the highest level since early 2025.
• Weekly trading volume surged 51% to $136 million, making July one of the best months since February.
• NFT average price rose 40% to $146 in 7 days, but trading volume only grew 7%, clearly indicating that traders are moving to higher value assets.
• Pudgy Penguins surpassed BAYC in market cap, with floor price up 539% since launch and 7% this week alone.
• CryptoPunks floor price up 53%, signaling a return to blue chip attention and Web3 resilience culture.
• Moonbirds trading volume surged 600% driven by new owners and airdrop hype, but floor price is still down 64% since launch.

1. NFT Market Overview

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

Weekly trading volume jumped 51% to $136 million, on track 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, and July just broke the 3 million mark. What’s the reason? ETH is rising, and NFT is also rising. In just 7 days, the average price of NFT soared 40% to $146.

Trading volume decreased, prices rose, the market is changing. The blue chip stock boom is back.

2. Hot NFTCategories—Single-week performance

With the apparent return of the blue chip craze, this article focuses on the best performing NFT categories over the past week, and as expected, PFP leads the way, accounting for 37% of total trading volume. RWA NFTs follow closely behind, accounting for 11%, indicating that the tokenization narrative still has vitality.

But not all categories have joined the rise. NFTs in the sports, music and fashion sectors have not seen an upward trend. Although game NFTs performed steadily in the second quarter, their popularity has cooled slightly, with sales falling significantly this week.

Nevertheless, PFP’s dominance is in line with current market sentiment. Whenever the NFT market heats up, PFP always takes the lead, just like in previous bull cycles. Some things don’t change easily.

3. This week’s eye-catching NFT series

This week’s market focus is on the big moves of the top NFTs, the return of popularity, and a series of floor price activities.

Pudgy Penguins: The new heavyweight collectible

Pudgy Penguins’ market value has officially surpassed Bored Ape Yacht Club and is now second only to CryptoPunks. The floor price has risen by 539% since its release, and it has risen by another 7% in the past 7 days.

How did Pudgy Penguins do it? Simple: they were released during the bear market. From IRL benefits to connecting Web2 and Web3, and now expanding in Asia through plush toys, the brand’s emergence is at the right time, especially now that collectibles hype is hot.

CryptoPunks: Back in the spotlight

The punk era never really ended, but it seems to have regained its luster. This week alone, the floor price has risen by 53%, and the series is still one of the most actively traded collections.

Don’t forget, this was a free mint in 2017. Whenever there is new vitality in the market, the punk series will return to the spotlight. They remain the gold standard for Web3 influence. For some, owning a punk collectible is more than just about making money — it’s a status symbol, pure and simple. And now, that status is becoming increasingly popular.

Moonbirds: Surprise rebound

Moonbirds is back again, and to be honest, it’s a bit surprising. After fading from blue chip status, Moonbirds staged a strong rebound:

• Floor price up 60%
• Trading volume up 600%

What caused this? Following its 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 points ahead of the airdrop.

It’s worth mentioning that Moonbirds is still down 64% in USD value since launch, so there’s still a long way to go. That said, momentum is building.

Art Blocks: Quietly Return

If anything can release the energy of a bull market, it is the return of Art Blocks. This week, it ranked among the most traded collections, with an average selling price soaring 156%.

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

The market has noticed this too. Top projects like Fidenza have rekindled interest, and Feels like Art is starting to come back into the NFT discussion.

PFP and art are accelerating, and if history is any indication, this combination will kick off the next NFT bull run. No conclusion has been drawn yet, but the signal has emerged. Looking forward to next week’s trend.

4. Summary

The past week has given us a glimpse of the possible resurgence of NFT: the floor price has climbed, PFP has regained its dominance, and Art has quietly returned with strength. Pudgy Penguins surpassed BAYC, CryptoPunks heated up again, and Moonbirds spread its wings, all of which hint at one thing: the market is shifting and attention is refocusing on NFT.

Related reading: Pudgy Penguins swept Twitter, and the coin price hit a new high: From NFT projects to Web3 multi-dimensional ecological IP