# NFTs Are Back: Market Cap Doubles, Floors Fly, Volume Explodes  

**Published by:** [Emmaaer](https://paragraph.com/@-emmaaer/)
**Published on:** 2025-07-28
**Categories:** nft
**URL:** https://paragraph.com/@-emmaaer/nfts-are-back-market-cap-doubles-floors-fly-volume-explodes

## Content

The Numbers Don’t Lie July has been a revelation. NFT market capitalisation surged 94 %, brushing $7 billion—its loftiest level since early 2025. Weekly trading volume leapt 51 % to $136 million, making this the strongest month since February. Average sale prices jumped 40 % in just seven days to $146, yet the number of sales only edged up 7 %. Translation: buyers are chasing higher-ticket items, not flipping en masse. Blue-Chip Fever Returns The rally is top-heavy. Profile-picture (PFP) collections captured 37 % of weekly volume, while real-world-asset (RWA) tokens took 11 %, proving that the tokenisation narrative still has legs. Sports, music and fashion NFTs sat this wave out, and gaming collectibles cooled after a steady second quarter. When PFPs lead, history says the wider market usually follows. Pudgy Penguins: From Underdog to Heavyweight Pudgy Penguins officially flipped Bored Ape Yacht Club by market cap, now second only to CryptoPunks. Its floor is up 539 % since mint and another 7 % this week alone. The playbook was simple: launch in a bear market, ship IRL perks, bridge Web2 and Web3, then flood Asia with plush toys while collectibles mania reignited. CryptoPunks: OG Status Reaffirmed Punks never really left, but they’re stealing scenes again. Floors climbed 53 % in seven days, and the collection is once again among the most traded. A free mint in 2017 now feels like a lifetime-membership card to Web3’s elite—and that membership is back in vogue. Moonbirds: The Surprise Comeback After drifting out of the blue-chip orbit, Moonbirds shocked the market: floor up 60 %, volume up 600 %. The catalyst was July’s acquisition by Orange Cap Games and a new partnership with Towns that unlocks gated on-chain spaces and pre-airdrop points. Caveat: the collection is still 64 % below its launch price in USD, so the runway is long—but the engines are firing. Art Blocks: The Quiet Renaissance If anything screams “next bull,” it’s Art Blocks clawing back into the top-traded list. Average sale prices spiked 156 % after the platform unveiled collector profiles, wallet aggregation and achievement badges on 10 July. Flagship projects like Fidenza are hot again; the art crowd is re-entering the chat. Bottom Line Floors are rising, PFPs are leading, and generative art is whispering “we’re back.” Whether this is a fleeting spike or the start of a broader bull remains to be seen, but the signals—Penguins flipping Apes, Punks flexing, Birds rebounding—are hard to ignore. The next few weeks will tell if history is rhyming or repeating.

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