After a prolonged cooldown, the NFT market appears to be regaining its footing. Data from DappRadar shows the sector’s total value shot up to $6.6 billion in July — a dramatic 94% monthly rise.
Much of this resurgence is being fueled by renewed interest in Ethereum-based collections, especially the iconic CryptoPunks. The project’s floor prices climbed over 50%, with a single-day rally pushing the minimum price above 47 ETH. That day alone saw 83 new buyers enter the fold.
Highlighting the momentum, GameSquare Holdings snapped up the rare “Cowboy Ape” Punk #5577 for $5.15 million in stock. The NFT’s former owner, Compound founder Robert Leshner, is now joining the company as a shareholder. The Punk was originally claimed in 2017 for under $500.
Meanwhile, other collections have seen surges of their own. Pudgy Penguins briefly overtook CryptoPunks in weekly volume, and CryptoBatz NFTs spiked 400% after the passing of their creator, rock icon Ozzy Osbourne.
From status symbols to high-profile acquisitions, the blue-chip NFT arena is heating up again — suggesting digital collectibles may be staging a real comeback.
