5 days ago
The non-fungible token (NFT) marketplace is showing signs of a resurgence, arsenic the sector’s full marketplace capitalization reached $6.6 cardinal successful July, according to the information level DappRadar.
The level reported Thursday that the fig represents a 94% summation from the erstwhile month. Weekly trading measurement besides surged to $136 million, up 51% from the anterior week, marking the strongest play show since February.
The surge besides follows a continuous decline successful quarterly trading volumes. On July 10, DappRadar information showed that NFT trading volumes went down consistently from the 2nd 4th of 2024 to the 2nd 4th of 2025.
CryptoPunks pb resurgence arsenic NFT sells for implicit $5 million
Ethereum-based NFT postulation CryptoPunks has led the resurgence of integer collectibles. According to DappRadar, CryptoPunk level prices person jumped 53%. Furthermore, the postulation remains the astir actively traded among each NFTs.
“They’re inactive the golden modular of Web3 clout,” DappRadar expert Sara Gherghelas wrote. “For some, owning a Punk is astir much than nett — it’s status, axenic and simple. And close now, that presumption is trending.”
On July 21, CryptoPunks recorded a massive leap successful level prices. The postulation went to a 47.50 Ether (ETH) level price, worthy astir $180,000 successful 24 hours.
This represents a 15.9% summation from its starting level terms of 40.9 ETH during that day. In addition, information showed that 83 CryptoPunks were bought by caller holders that day.
Apart from its level terms increase, high-profile CryptoPunk income besides occurred.
On Thursday, GameSquare Holdings announced that it has purchased Punk #5577, the iconic Cowboy Ape CryptoPunk, for $5.15 cardinal of the company’s preferred stock.
Ape-themed Punk sells for implicit $5 million. Source: CryptoPunks The Punk’s erstwhile owner, Robert Leshner, the laminitis of DeFi protocol Compound, volition present enactment with GameSquare arsenic a shareholder.
The CryptoPunk is 1 of the lone 24 ape-themed Punks and has a cowboy hat. It was archetypal claimed successful 2017 and was archetypal sold for $454. It was sold for $7.7 cardinal connected Feb. 9, 2022, according to the CryptoPunks website.
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Ethereum NFTs predominate rankings
Apart from CryptoPunks, penguin-themed postulation Pudgy Penguins is besides connected the rise.
Last week, Pudgy Penguins surpassed CryptoPunks’ seven-day trading volume, signaling implicit $20 million. However, astatine the clip of writing, CryptoPunks regained the apical 1 spot, putting Pudgy Penguins successful 2nd place.
Meanwhile, different Ethereum-based postulation surged aft its creator, the dense metallic icon Ozzy Osbourne, died. On July 23, CryptoBatz NFTs surged by 400% aft quality that Osbourne had died reached NFT collectors.
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