The non-fungible token (NFT) market has experienced a remarkable surge in recent months, with trading volumes reaching their highest levels this year. According to a report by Dappadar, a blockchain analytics platform, the NFT trade volumes increased by 9% in August, while sales figures decreased by 4%. This suggests that “fewer assets were traded, but collectors paid more per sale.”
Coencko reports that the trading volume of NFTs rose by over 25% in the last 24 hours, reaching a high of $7.9 million. This upswing in the NFT market can be attributed to increased adoption and new interest rates. Sara Gherghelas, an analyst at Dappadar, notes that an important driver for the increase in the NFT market comes from real-world applications and collaborations.
Resurgence through Adoption
Gherghelas cites examples such as the night club Hï in Ibiza, which opened the first permanent NFT art gallery in a club, featuring works by NFT artists like Beeple and Mad Dog Jones. Another driver is the Coinbase Layer-2 network base, which rose to the third-largest chain by trading volume, triggered by low transaction fees and airdrop speculation.
Source: Dappadar
However, Gherghelas emphasizes that Ethereum “remains the powerhouse” and dominates 61% of the NFT industry. In August, developers also introduced unusual agents, which could enable AI systems and dapps to secure and interact with each other using NFT-based IDs and reputation levels.
Investors Flock to NFTs Again
NFTs recorded $578 million in trading volume and 5.5 million sales in August, according to Dappadar. This surpasses the previous month’s trading volume of $530 million and 5.2 million sales. January was the largest month for 2025 in trading volume, with $997 million, but only 3.1 million sales, followed by February with $498 million and 2.7 million sales.
July and August have registered as the strongest months for the NFT market outside of January in terms of volume and sales. Source: Dappadar
Gherghelas notes, “This makes the strongest months since February 2025 for NFTs, both in volume and in the number of sales.” The signs are clear: people are returning to the NFT space. Yehudah Petscher, a strategist at CryptoSlam, told CoinTelegraph in May that the NFT market was due for a rebound, but with a more tempered view than its previous highs.
Top NFT Collections
According to Coingecko, the largest NFT collection by market capitalization, Cryptopunks, has registered a 24-hour volume of $1.2 million and five individual sales. The second-largest, the Infinex customers NFT collection, which grants governance-voting contracts for owners via the Infinex protocol, has registered a 24-hour trade volume of $7,733 and two sales.
The top three is rounded off by Yuga Labs’ Bored Ape Yacht Club, with a volume of $208,617 and five sales. For more information, visit https://cointelegraph.com/news/nfts-gain-momentum-strongest-months-since-february?utm_source=rss_feed&utm_medium=rss_tag_blockchain&utm_campaign=rss_partner_inbound
