De-fi

NFT market rebounds in July, surpassing DeFi in user activity – Crypto News

Published

4 months ago

March 26, 2026

Dripp

The NFT market saw a remarkable resurgence in July, outpacing DeFi in terms of user activity, according to an Aug. 7 DappRadar report.

The shift marks a significant milestone and could indicate that NFTs are once again capturing the public’s attention following significant lull that has lasted since their fall in the 2022 bear market.

NFT Flips DeFi User Activity (Source: DappRadar)

NFTs volume surge in July

DappRadar data showed that NFT trading volume surged by 96%, reaching $530 million in July. However, the total number of transactions fell by 4%, with only 5 million NFTs changing hands during the month.

The trend reveals a clear shift in buyer behavior, with fewer NFTs changing hands but selling for significantly higher prices. In fact, the average NFT sale price more than doubled, rising from $52 in June to $105 in July.

Platforms catering to power users and creators saw the most growth during the period. Blur accounted for as much as 80% of Ethereum-based NFT trading volume, driven by professional traders and its Blend lending feature.

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

Meanwhile, OpenSea, the largest NFT marketplace, remained the most active in daily user count, with approximately 27,000 traders, thanks to its long-tail listings and multichain support.

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

DappRadar concluded that these numbers show the significant evolution within the NFT landscape from the early market hype to the increasing utility of these digital assets.

According to the blockchain firm, the space is no longer limited to art and digital collectibles. Instead, it has expanded into practical use cases such as digital identity, event ticketing, gaming, and real-world asset tokenization.

DeFi grows too

While NFTs made waves in July, DeFi also continued to experience impressive growth. DappRadar reported that the total value of assets locked (TVL) in DeFi surged by over 30%, reaching $259 billion by the end of the month.