NFT Market Explodes 94% to $6.6B as Digital Collectibles Make Comeback
The NFT market experienced a dramatic revival in July with a 94% surge to $6.6 billion market cap, driven by blue-chip collections like CryptoPunks and Pudgy Penguins. Weekly trading volumes reached $136 million, marking the strongest performance since early 2024 and signaling renewed institutional and collector interest.