An ape-themed CryptoPunk with a cowboy hat was exchanged for over $5 million in company stock.
The non-fungible token (NFT) market is showing signs of a resurgence, as the sector’s total market capitalization reached $6.6 billion in July, according to the data platform DappRadar.
The platform reported on Thursday that the figure represented a 94% increase from the previous month. Weekly trading volume surged to $136 million, up 51% from the prior week, marking the strongest weekly performance since February.
The surge followed a continuous decline in quarterly trading volumes. On July 10, DappRadar data showed that NFT trading volumes went down consistently from the second quarter of 2024 to the second quarter of 2025.
