The non-fungible token (NFT) sector surged to a market capitalization of greater than $9.3 billion as Ethereum-based collections surged alongside the worth of Ether.
NFT knowledge tracker NFT Worth Flooring confirmed on Wednesday that the general market capitalization for NFT collections has hit $9.3 billion, a 40% uptick in comparison with its worth in July. In response to DappRadar knowledge, NFTs had a market capitalization of $6.6 billion final month.
Ether (ETH), which lately pushed previous the $4,000 milestone, has been a key driver behind the NFT market surge. On the time of writing, ETH trades above $4,600 and has a market capitalization of over $557 billion, in keeping with CoinGecko.
Since many NFTs are based mostly on the Ethereum mainnet, their gross sales and valuations are denominated in ETH. Due to this, bullish momentum within the crypto asset usually interprets into larger market values and elevated exercise within the NFT house. On the time of writing, the highest ten NFT property by market cap are Ethereum-based.
NFT market cap has surged 40% since July
CryptoPunks retains its spot as the highest NFT assortment by market capitalization. NFT Worth Flooring knowledge exhibits that the gathering is price not less than 526,900 ETH (about $2.4 billion).
Within the final seven days, CryptoPunks had practically 4,200 ETH in quantity, price nearly $20 million. Throughout the week, the gathering had 90 complete gross sales, averaging at $217,331 per NFT.
The Bored Ape Yacht Membership (BAYC) follows CryptoPunks within the rankings with a valuation of $602 million, whereas Pudgy Penguins follows carefully with $591 million.
Associated: $8.5 million NFT gross sales surge to $574 million in July, second-highest in 2025
Pudgy Penguins added to a crypto treasury
Nonetheless, whereas BAYC leads in valuation, the Pudgy Penguins assortment tops BAYC by way of seven-day quantity. DefiLlama knowledge means that Pudgy Penguins had a quantity of $8.7 million prior to now week, whereas BAYC had $6.3 million.
In a Cointelegraph interview, Pudgy Penguins CEO and proprietor Luca Schnetzler (higher generally known as Luca Netz) mentioned the gathering’s enlargement right into a bodily toy model saved the corporate from chapter in 2022.
Since then, the gathering has been a number one NFT model, rivaling different blue-chip collections.
This week, blockchain firm BTCS Inc. mentioned it added three Pudgy Penguins to its company treasury.
Aside from the three collections, different high 10 NFT collections by market cap embody Artwork Block’s Chromie Squiggle by Snowfro, Autoglyphs, Fidenza by Tyler Hobbs, Lil Pudgys, Mutant Ape Yacht Membership (MAYC), Moonbirds and Milady Maker.
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