The NFT market has seen its strongest months since February, with trading volumes up 9% and sales counts down 4%. CoinGecko reports a 25% spike in NFT trading volumes in the last 24 hours, reaching $7.9 million. Adoption and interest are driving this resurgence.

Adoption, like the first permanent NFT art gallery in an Ibiza nightclub, and the success of Coinbase layer-2 network Base, are key drivers of the NFT market upswing. Ethereum maintains 61% dominance in the industry. In July, Snoop Dogg sold out nearly 1,000 NFTs in 30 minutes on Telegram.

August saw $578 million in NFT trading volumes and 5.5 million sales, slightly up from July. January had the highest trading volumes for 2025 at $997 million, followed by February. DappRadar reports July and August as the strongest months for NFTs outside of January in terms of volume and sales.

The NFT market is experiencing a rebound after a turbulent few years. NFT volumes plunged in the first quarter of 2025, but August saw a market capitalization of over $9.3 billion, a 40% increase from July. Top NFT collections like CryptoPunks, Infinex Patrons, and Bored Ape Yacht Club are leading the market.

Read more at Cointelegraph: NFT Trading Volume And Sales Climb Again