Chainfeeds Briefing:
In July, Non-Fungible Token market value surged 94%; weekly trading volume increased 51%, reaching $136 million.
Article Source:
https://www.panewslab.com/zh/articles/9hdx7t2n
Article Author:
DappRadar
Perspective:
DappRadar: The Non-Fungible Token market is showing strong signs of recovery. Since the beginning of this month, market value has increased 94%, reaching $6.6 billion, the highest level since early 2025. Weekly trading volume jumped 51% to $136 million, potentially making July one of the best-performing months since February. Sales volume increased by 7% quarter-on-quarter, but the overall sales this month will not exceed June. Last month's sales exceeded 5 million, while July has just crossed the 300,000 mark. With the clear return of blue-chip enthusiasm, focusing on the best-performing Non-Fungible Token categories in the past week, PFP unsurprisingly leads, accounting for 37% of total trading volume. Following closely are RWA Non-Fungible Tokens at 11%, indicating that the tokenization narrative remains alive. However, not all categories have joined the upward trend. Non-Fungible Tokens in sports, music, and fashion have not seen an upward momentum. Although gaming Non-Fungible Tokens performed steadily in the second quarter, their popularity has slightly cooled, with sales noticeably declining this week. Notable Non-Fungible Token series this week: 1) Pudgy Penguins: A new heavyweight collection. Pudgy Penguins' market value has officially surpassed Bored Ape Yacht Club, now second only to CryptoPunks. Since its launch, the floor price has increased by 539% and rose another 7% in the past 7 days. How did Pudgy Penguins achieve this? Simple: they were launched during the bear market. From IRL benefits to connecting Web2 and Web3, and now expanding in Asia through plush toys, the brand's emergence is timely, especially during the current collectibles hype. 2) CryptoPunks: Back in the spotlight. The punk era never truly ended, but it seems to have regained its brilliance. This week alone, the floor price increased by 53%, and the series remains one of the most actively traded collections. Remember, this was a free mint back in 2017. Whenever the market shows new vitality, the punk series returns to the spotlight. They remain the gold standard of Web3 influence. For some, owning a punk collection is not just about making money - it's a symbol of identity, pure and simple. And now, this identity status is becoming increasingly popular. 3) Moonbirds: Moonbirds are back, honestly, unexpectedly. After fading from blue-chip status, Moonbirds staged a strong rebound, with floor price rising 60% and trading volume increasing 600%. What caused this? Following the acquisition by Orange Cap Games in May, the company announced a partnership with Towns on July 19. Holders can now access private on-chain spaces and increase points before airdrops. It's worth noting that since its launch, Moonbirds' dollar value has still dropped 64%, so there's still a long way to go. That said, its momentum is building. 4) Art Blocks: If anything can release bull market energy, it's the return of Art Blocks. This week, it ranked among the highest trading volume collections, with average price soaring 156%. On July 10, the platform announced a major transformation, introducing collector profiles, wallet aggregation, achievement systems, and providing a better user experience for ordinary collectors. The market has taken notice. Top projects like Fidenza have reignited interest, and it feels like art is returning to the Non-Fungible Token discussion.
Content Source
