NFT Market Soars to $28.4 Billion as Ethereum Price Rises 50.5% in a Week
– NFT market surged to $28.4B in August 2025, tripling from $9.3B as Ethereum prices rose above $4,700.
– Institutional borrowing on platforms like Coinbase exceeded $600M, linking Ethereum’s performance to NFT demand.
– Challenges persist: 9% drop in monthly transactions and regulatory uncertainty, though blue-chip NFTs showed resilience.
– Investor focus shifted to high-value assets over speculative NFTs, with analysts predicting further gains if Ethereum maintains upward momentum.
– Market resurgence reflects growing confidence in Ethereum’s role as a foundational layer for NFT transactions and value accrual.
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