The NFT market is showing a clear trend of recovery, with blue-chip projects back in focus.

The NFT market has recently shown obvious signs of recovery. After months of sideways fluctuations, the market has finally welcomed a warming trend: the floor prices of well-known projects have generally risen, market capitalization has started to rebound, and some familiar veteran projects are once again attracting attention. From Pudgy Penguins surpassing BAYC to Art Blocks making an unexpected comeback, the market atmosphere is undergoing positive changes.

Market Overview

The NFT market performed brilliantly in July:

• Market value surged by 94%, reaching nearly 7 billion USD, marking a new high since early 2025.
• Weekly trading volume surged by 51% to $136 million, making July one of the best-performing months since February.
• The average NFT price increased by 40% to $146 in the last 7 days.
• The number of transactions increased by only 7%, indicating that traders are shifting towards higher value assets.

Popular NFT Categories

In the past week, PFP NFTs performed the best, accounting for 37% of the total trading volume. Following that are RWA NFTs, which accounted for 11%, indicating that the tokenization narrative remains attractive.

In contrast, the performance of NFTs in the fields of sports, music, and fashion has been mediocre. The popularity of gaming NFTs has also cooled down, with a noticeable decline in sales this week.

Eye-catching NFT Series

Pudgy Penguins: New heavyweight collection

Pudgy Penguins' market value has officially surpassed BAYC, second only to CryptoPunks. Its floor price has increased by 539% since its launch, with a 7% increase in just the past 7 days.

The key to the success of this project lies in: issuing during a bear market, and continuously developing through initiatives such as IRL benefits, connecting Web2/3, and expanding into Asia.

CryptoPunks: Back in the Spotlight

The floor price of CryptoPunks surged 53% this week, with trading activity remaining at the top level. Whenever the market warms up, this series always regains attention, remaining the gold standard of Web3 influence.

Moonbirds: Unexpected Rebound

Moonbirds has recently shown surprising performance, with the floor price rising by 60% and the trading volume surging by 600%.

This wave of rebound is mainly driven by two factors: the acquisition by Orange Cap Games in May, and the announcement of cooperation with Towns on July 19, providing holders with private on-chain space and pre-airdrop points.

Nevertheless, the dollar value of Moonbirds has decreased by 64% compared to its issuance, and the road to future development is still very long.

Art Blocks: Quiet Return

Art Blocks has entered the list of the highest trading volume collections this week, with an average price surge of 156%.

On July 10, the platform launched a major update, including collector profiles, wallet aggregation, achievement systems, etc., significantly optimizing the ordinary user experience. Top projects such as Fidenza have regained attention, and art NFTs have once again become the market focus.

Summary

In the past week, we have seen signs of a potential revival in the NFT market: floor prices are generally rising, PFPs are regaining dominance, and Art projects are making a strong comeback. Pudgy Penguins have surpassed BAYC, CryptoPunks are gaining popularity again, and Moonbirds are performing impressively. All of these signs indicate that the market is shifting, and investors are refocusing on the NFT space.

The future trend still needs to be observed, but signals have already appeared at present. Looking forward to how the market will develop next week.