NFT Market Sees Significant Uptick in July with $574 Million in Sales
The NFT market has shown a substantial increase in sales, reaching a whopping $574 million in July, according to Cryptoslam. This marks the second-highest monthly total in 2025, with a notable 47.6% jump from June’s $388.9 million. Although it still falls short of January’s peak of $678.9 million, this surge is a promising sign for the market.
NFT Sales and Activity
While the total sales value has risen, the number of individual transactions has actually decreased by 9% to 5 million, compared to 5.5 million in June. However, the average sales price has increased significantly to $113.08, the highest level in six months. This suggests a shift towards higher-quality and more premium NFT purchases.
Market Consolidation and Buyer Trends
A remarkable trend in July was the decline in the number of unique buyers, which decreased by 17% to 713,085. On the other hand, unique sellers rose by 9% to 405,505. This indicates market consolidation, with fewer buyers acquiring more expensive NFTs, while sellers continue to unload assets into the rally. The total NFT market capitalization has also reached $8 billion, a 21% jump from $6.6 billion on July 24.
Ethereum’s Role in the NFT Market
Ethereum’s recent rally has played a significant role in the NFT market’s growth. With the cryptocurrency increasing to over $3,900 in July and rising by over 62% since August 2024, Ethereum-based NFT collections have dominated the market. The top 10 NFT collections by market capitalization were all Ethereum-based, with Cryptopunks leading the way with a total value of $69.2 million, followed closely by Pudgy Penguins with $55.5 million.
NFT Lending Market Crash
In stark contrast to the NFT sales market, the NFT lending market has experienced a drastic decline, crashing by 97% from nearly $1 billion in monthly volume in January 2024 to just $50 million in May 2025. This collapse has led to a significant decrease in borrowing and lending activity, with average loan sizes dropping by over 70%. The loan duration has also shortened, reflecting a more cautious credit landscape.
The NFT market’s shift towards premium assets and the dominance of Ethereum-based collections are clear indicators of the market’s current trends. However, the NFT lending market’s crash serves as a reminder of the volatility and risks associated with this space. As the market continues to evolve, it will be interesting to see how these trends develop and what the future holds for NFTs.
