Clear signs of recovery in the NFT market, with many well-known projects performing strongly.

Recently, the NFT market has shown a clear trend of recovery. After several months of consolidation, the market has finally welcomed a warming trend: the floor prices of multiple projects have started to rise, market capitalization is also rebounding, and some familiar names are surpassing established NFT projects. From Pudgy Penguins surpassing BAYC to Art Blocks making an unexpected comeback, the market atmosphere is changing.

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

Market Overview

In July, the market value of NFTs surged by 94%, reaching nearly $7 billion, marking the highest level since early 2025. Weekly trading volume soared by 51%, hitting $136 million, making July one of the best-performing months since February.

The average price of NFTs increased by 40% over the past 7 days, reaching $146, but the trading volume only grew by 7%, clearly indicating that traders are shifting towards higher-value assets.

Popular NFT Categories

In the past week, PFP NFTs performed the best, accounting for 37% of the total trading volume. Following that are RWA NFTs, which account for 11%, indicating that the tokenization narrative still has vitality.

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

Eye-catching NFT series

Pudgy Penguins: A New Heavyweight Collection

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

The project was launched during the bear market and successfully seized market opportunities through strategies such as providing physical benefits, connecting Web2 and Web3, and expanding into the Asian market.

CryptoPunks: Back in the Spotlight

CryptoPunks' floor price increased by 53% this week, remaining one of the most actively traded collectibles. As the gold standard of Web3 influence, CryptoPunks comes back into the spotlight whenever new energy emerges in the market.

Moonbirds: Surprise Rebound

Moonbirds staged a strong rebound: the floor price increased by 60%, and trading volume surged by 600%. This is mainly attributed to the acquisition by new owners and the collaboration with Towns, providing new benefits for holders.

Art Blocks: quietly returning

Art Blocks has entered the ranks of the highest trading volume collections, with the average selling price soaring by 156%. The platform recently launched a series of major reforms, including collector profiles, wallet aggregation, and an achievement system, greatly improving the user experience.

Summary

In the past week, we have seen the potential for a revival in the NFT market: floor prices are rising, PFPs are regaining dominance, and art projects are making a strong comeback. Pudgy Penguins have surpassed BAYC, CryptoPunks are heating up again, and Moonbirds are taking flight, all of which suggest that the market is shifting, with attention refocusing on the NFT space.

Whether this combination will trigger the next round of the NFT bull market remains to be seen, but positive signals have already emerged. The upcoming market trends are worth looking forward to.