Quick breakdown:
- NFT markets experienced their strongest months since February 2025, with a 9% rise in trading volume despite a 4% fall in sales count.
- Key drivers include increased adoption in nightlife and art, the Base layer-2 blockchain network gaining momentum, and Ethereum maintaining dominance with new technical upgrades.
- Although Base is gaining traction, Ethereum remains the leading blockchain for NFTs.
The NFT market showed significant signs of revival in July and August 2025, marking the strongest period since February. According to data from blockchain analytics platform DappRadar, NFT trading volumes rose 9% while sales count slightly declined by 4%, indicating that collectors paid more on average per asset. CoinGecko data highlights a recent 25% daily spike in trading volume reaching $7.9 million, underscoring renewed enthusiasm among market participants.
The Dapp Industry Report | August 2025 📊
Summer is over, but Web3 isn’t cooling down. Onchain activity dipped slightly, yet DeFi hit ATHs, institutions stepped in, and NFTs heated up again. Plenty to unpack.
Dive into key highlights below ⬇️🧵https://t.co/24px6wONkU
— DappRadar (@DappRadar) September 4, 2025
DappRadar analyst Sara Gherghelas identified broader adoption as a primary reason behind this momentum. The Ibiza nightclub Hï opening a permanent NFT art gallery exhibiting works by notable artists including Beeple and Mad Dog Jones represents a growing integration of NFTs into physical experiences. Additionally, the Coinbase-backed Base network surged to become the third-largest blockchain by NFT trading volume, propelled by its low minting fees and airdrop speculation that attracted a fresh wave of users.
Despite emerging networks gaining traction, Ethereum remained the dominant force with a commanding 61% share of NFT trading activity. Its ecosystem also saw technical innovations like the introduction of trustless agents in August, enabling AI systems and decentralized applications to securely interact via NFT-based identities and reputations.
Investors, degens are trading NFTs again
NFT trading for July and August totaled $578 million across 5.5 million sales, edging past July’s $530 million and 5.2 million sales. While January held the largest volume with $997 million, this resurgence signals a potential sustained recovery after a challenging 2024 and Q1 2025 marked by market volatility and declining volumes.
This renewed interest from collectors, developers, and new blockchain platforms alike suggests NFTs are regaining their foothold as both cultural and financial assets, bridging digital art, entertainment, and innovation. As the NFT landscape evolves, Ethereum’s continued leadership and Layer-2 network contributions like Base will likely shape the next phase of market growth.
Meanwhile, Blue-chip NFTs have defied recent downward pressure on Ethereum, maintaining relative strength as ETH prices dip across crypto markets. Notably, CryptoPunks continue to demonstrate resilience, supported by steady trading volumes despite the broader market’s pullback.
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