New data suggests a potential recovery for the NFT market. Trading volumes saw a significant increase in July, attracting the attention of analysts and market participants.
Trading Volume Data
According to recent data from crypto analyst Joao Wedson, NFT trading volume surged dramatically in July — from $11 million on July 1 to $32 million by July 21, marking a 191% increase in just three weeks.
Reasons for Increased Interest in NFTs
This growth may be attributed to increased interest from seasoned traders and active NFT holders. The rise in active holders and newly minted NFTs indicates genuine engagement rather than speculative spikes. Sustainability and practical applications of NFTs may also fuel a long-term recovery.
Future of the NFT Market
Despite cautious views, the NFT market appears to be adopting sustainable practices, including Ethereum's shift to proof-of-stake, which significantly reduces energy consumption. Research indicates that the rise in unique buyers and sellers points to a more organic growth, serving as a sign of healthier market conditions.
As we approach Q4 2025, the future of the NFT market remains uncertain. However, the recent surge is encouraging for traders and collectors alike.
