NFT Market May Be Rebounding as Ethereum Remains Dominant, DappRadar Says

The NFT market resurgence is visible in rising trading volumes and higher sale prices: August saw $578M in volume and 5.5M sales, and short-term spikes on CoinGecko show renewed buying. Collectors are trading fewer items but paying more per sale, driven by adoption and layer-2 activity.

• Trading volumes rose to $578M in August, indicating a market rebound.

• Sales counts dipped slightly, signalling higher average sale values per transaction.

• Ethereum retains ~61% dominance; Base climbed to third by trading volume (DappRadar).

NFT market resurgence: trading volumes jump, collectors pay more — read key data and take action. Explore insights now.

What is driving the NFT market resurgence?

The NFT market resurgence is driven by renewed adoption, high-profile on-chain activity and attractive minting costs on layer-2 networks. Data from DappRadar and CoinGecko shows increased volumes and selective spending by collectors, with Ethereum still commanding the largest market share.

How have trading volumes and sales counts changed recently?

Trading volumes increased while sales counts fell slightly, indicating larger average transaction values. DappRadar reports $578 million in August volume and 5.5 million sales, up from $530 million and 5.2 million sales in July. CoinGecko recorded a 24-hour spike above $7.9 million.

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DappRadar analyst Sara Gherghelas said the data shows clear signs that people are returning to the NFT space.

The non-fungible token (NFT) market has just closed its two strongest months since February as adoption and renewed interest have driven trading volumes to its highest levels this year.

NFT trading volumes were up 9%, while sales counts dipped 4%, showing that while fewer assets traded hands, collectors are paying more per sale, according to a report published by blockchain analytics platform DappRadar on Thursday.

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CoinGecko shows that trading volumes for NFTs spiked in the last 24 hours, rising more than 25% to reach a high of $7.9 million.

Why is adoption accelerating NFT activity?

Adoption is accelerating NFT activity through real-world integration and lower on-chain costs. Examples include a permanent NFT art gallery inside a nightclub in Ibiza showcasing artists such as Beeple and Mad Dog Jones, which raises public exposure and collector interest.

Layer-2 networks such as Base have climbed ranking positions by trading volume, fuelled by low minting fees and airdrop speculation. These economics encourage new creators and collectors to mint and trade.

However, Ethereum remains the powerhouse, commanding 61% dominance in the NFT industry, according to DappRadar. Developers also introduced trustless agents in August, which could enable AI systems and DApps to interact using NFT-based IDs and reputation layers.

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Notable drops and celebrity drops continue to influence sentiment. For example, a collection sold out quickly on Telegram, drawing attention to on-chain collectible demand.

When did the market show the strongest months in 2025?

January recorded the largest trading volume for 2025 with $997 million, followed by July and August as the strongest months outside January. This pattern shows intermittent but meaningful surges in activity across the year.

Which collections led volume and sales?

Leading collections by market capitalization and 24-hour activity included CryptoPunks, Infinex Patrons and Yuga Labs’ Bored Ape Yacht Club. CryptoPunks recorded $1.2M volume with five sales in a 24-hour window, while Yuga Labs saw substantial activity as well.

Infinex Patrons remains notable for granting governance power over the Infinex protocol, reflecting utility-driven demand alongside collectible value.

Frequently Asked Questions

How much did the NFT market grow in August 2025?

August 2025 recorded $578 million in trading volume and 5.5 million sales, a modest rise from July, indicating renewed buying and higher average sale prices per transaction.

Is Ethereum still dominant in NFTs?

Yes. Ethereum commands roughly 61% dominance in NFT activity, remaining the primary settlement layer for high-value collections despite the rise of layer-2 chains.

How can collectors track resurgence signals?

Track daily volume spikes, average sale price changes, and top-collection activity. Monitor layer-2 adoption and on-chain drops for early indicators of renewed demand.

Key Takeaways

• Volume rebound: August hit $578M, the strongest months since February.
• Higher average prices: Sales counts fell slightly while volumes rose, showing larger per-sale values.
• Watch adoption: Real-world galleries, layer-2 growth and trustless agents are key signals to monitor.

Conclusion

The NFT market resurgence is measurable and multifaceted: rising trading volumes, selective collector spending, and layer-2 adoption are the main drivers. Market participants should monitor on-chain metrics and major collections closely for emerging trends and opportunities. For ongoing coverage, follow COINOTAG updates and data summaries.