NFTs stage comeback with $530M in July trades, flipping DeFi user activity

The NFT marketplace saw a singular resurgence successful July, outpacing DeFi successful presumption of idiosyncratic activity, according to an Aug. 7 DappRadar report.

The displacement marks a important milestone and could bespeak that NFTs are erstwhile again capturing the public’s attention pursuing important lull that has lasted since their autumn successful the 2022 carnivore market.

NFT Flips DeFi User Activity (Source: DappRadar)

NFTs measurement surge successful July

DappRadar information showed that NFT trading measurement surged by 96%, reaching $530 cardinal successful July. However, the full fig of transactions fell by 4%, with lone 5 cardinal NFTs changing hands during the month.

The inclination reveals a wide displacement successful purchaser behavior, with less NFTs changing hands but selling for importantly higher prices. In fact, the mean NFT merchantability terms much than doubled, rising from $52 successful June to $105 successful July.

Platforms catering to powerfulness users and creators saw the astir maturation during the period. Blur accounted for arsenic overmuch arsenic 80% of Ethereum-based NFT trading volume, driven by nonrecreational traders and its Blend lending feature.

NFT Trading Volume And Sales Count successful 2025 (Source: DappRadar)

Meanwhile, OpenSea, the largest NFT marketplace, remained the astir progressive successful regular idiosyncratic count, with astir 27,000 traders, acknowledgment to its long-tail listings and multichain support.

Meanwhile, Zora, a level built for creators connected the Coinbase-backed Base network, gained momentum with its Layer 2 solution and autochthonal ZORA token, which reduced NFT minting costs.

DappRadar concluded that these numbers amusement the important improvement wrong the NFT scenery from the aboriginal marketplace hype to the expanding inferior of these integer assets.

According to the blockchain firm, the abstraction is nary longer constricted to creation and integer collectibles. Instead, it has expanded into applicable usage cases specified arsenic integer identity, lawsuit ticketing, gaming, and real-world plus tokenization.

DeFi grows too

While NFTs made waves successful July, DeFi besides continued to acquisition awesome growth. DappRadar reported that the full worth of assets locked (TVL) successful DeFi surged by implicit 30%, reaching $259 cardinal by the extremity of the month.

Notably, the assemblage reached a caller all-time precocious of $270 cardinal connected July 28, driven by increasing idiosyncratic request and caller liquidity injection crossed lending, trading, and tokenized assets.

Meanwhile, a standout inclination successful DeFi came from tokenized stocks, with wallet interactions expanding from astir 1,600 to implicit 90,000. This surge contributed to a 220% summation successful the marketplace headdress of tokenized stocks, signaling that real-world assets (RWAs) are gaining important traction.

Top DeFi Blockchain Networks by TVL (Source: DappRadar)

Across assets, Ethereum continued to pb DeFi, commanding $166 cardinal successful TVL, acold surpassing Solana’s $23 billion.

ETH’s important emergence tin beryllium attributed to a astir 60% terms surge successful July, apt driven by affirmative regulatory developments, alongside staking rewards reaching 29.4% APY.

On Solana, Hyperliquid emerged arsenic a cardinal player, accounting for 35% of blockchain gross successful July. The level saw rising request for derivatives and present processes implicit 60% of 24-hour perpetual trading volume, with $15.3 cardinal successful unfastened involvement and $5.1 cardinal successful USDC bridging.

The station NFTs signifier comeback with $530M successful July trades, flipping DeFi idiosyncratic activity appeared archetypal connected CryptoSlate.