July 2025 marked an important milestone for the non-fungible token (NFT) market, showcasing a significant increase in sales volumes and highlighting growing interest among collectors and investors.
July 2025 NFT Market Summary
In July 2025, NFT sales volume reached $574 million, representing a 47.6% increase compared to June. This figure became the second highest this year, only behind January's record of $678.9 million. However, the number of transactions decreased by 9%, which may indicate a market focus on larger value transactions.
Reasons Behind Rising NFT Prices
The average sale price of NFTs in July 2025 was $113.08, marking the highest figure in six months. This indicates that collectors are willing to spend more on high-value tokens, likely driven by increased interest in notable collections.
Ethereum's Influence on the NFT Market
Ethereum continues to be the leading platform for the NFT market. In July 2025, all top 10 collections by market capitalization were based on Ethereum. The total NFT market cap exceeded $8 billion, underscoring Ethereum's importance for creators and collectors.
The NFT market is recovering, and July 2025's bullish trend indicates sector maturity. Growing interest in digital assets and Ethereum's dominance create a positive environment for the future of NFTs.
