The NFT market shows signs of recovery, with blue-chip collectibles leading the rise.

Recently, the NFT market has shown a clear trend of recovery. After several months of sideways consolidation, the market has finally welcomed positive changes: the floor prices of collectibles have risen, market capitalization has rebounded, and some emerging projects have begun to surpass traditional blue-chip NFTs. From Pudgy Penguins surpassing BAYC to the unexpected return of Art Blocks, the atmosphere in the NFT market is undergoing a transformation.

Market Overview

In July, the NFT market showed a strong recovery trend. Since the beginning of this month, the market value has risen significantly by 94%, reaching 6.6 billion USD, setting a new high since early 2025. Weekly trading volume surged by 51% to 136 million USD, making July one of the best-performing months since February.

Although sales only increased by 7% month-on-month, the average price of NFTs soared by 40% in just 7 days, reaching $146. This indicates that traders are shifting towards higher-value assets, and the blue-chip stock frenzy is making a comeback.

Popular NFT Categories

In the past week, PFP NFTs performed the most prominently, accounting for 37% of the total trading volume. Following them are RWA NFTs, which account for 11%, indicating that the tokenization narrative remains attractive. However, NFTs in the sports, music, and fashion sectors did not follow the market rise. The popularity of gaming NFTs has also cooled, with a significant decline in sales this week.

The dominance of PFP aligns with the current market sentiment. Whenever the NFT market heats up, PFP always reacts first, similar to previous bull market cycles.

Eye-catching NFT series

Pudgy Penguins: A New Heavyweight Collection

The market value of Pudgy Penguins has officially surpassed BAYC, second only to CryptoPunks. Since its launch, the floor price has risen by 539%, with another 7% increase in the past 7 days. The success of this project stems from its development strategy during the bear market, from IRL benefits to connecting Web2 and Web3, and expanding in Asia through plush toys, seizing the opportunity of the collectibles craze.

CryptoPunks: Back to the Spotlight

CryptoPunks' floor price rose by 53% this week, remaining one of the most actively traded collectibles. As the gold standard of Web3 influence, CryptoPunks returns to the spotlight whenever the market shows new vitality. For many, owning a CryptoPunk is not just about investment, but also a symbol of identity.

Moonbirds: unexpected rebound

Moonbirds staged a strong rebound, with the floor price rising by 60% and trading volume surging by 600%. This rebound is attributed to the acquisition by the new owner, Orange Cap Games, and the collaboration with Towns. Nevertheless, the dollar value of Moonbirds has still dropped by 64% since its launch, indicating that there is still a long way to go for future development.

Art Blocks: quietly returning

Art Blocks has entered the ranks of the highest traded collections, with an average price surge of 156%. The platform recently launched major upgrades such as collector profiles, wallet aggregation, and an achievement system, providing a better experience for ordinary collectors. Top projects like Fidenza have attracted renewed attention, and artistic elements are starting to return to the center of NFT discussions.

Summary

In the past week, the NFT market has shown signs of recovery: floor prices are rising, PFPs have regained dominance, and art NFTs are making a strong comeback. Pudgy Penguins have surpassed BAYC, CryptoPunks are heating up again, and Moonbirds are soaring high. These signs all suggest that the market is shifting, with investors refocusing their attention on the NFT sector. The future trend of the NFT market is worth looking forward to.