Home
Cryptocurrency
Cryptocurrency News
NFT Trading Rose to New High in August Even as Sales Dipped: Report

NFT Trading Rose to New High in August Even as Sales Dipped: Report

NFT market cap climbs to $9.3 billion in August as trading volumes and sales show renewed strength.

Written by Rahul Dhingra, Edited by David Delima | Updated: 5 September 2025 17:54 IST

NFT Trading Rose to New High in August Even as Sales Dipped: Report

Photo Credit: Unsplash/Deng Xiang

NFT market hits $578 million in trades, with $9.3 billion market cap by August 2025.

Highlights

NFT trading volumes surged to $578 million in August
Market cap reached $9.3 billion, a 40 percent rise from July
Sales hit 5.5 million, showing stronger value per transaction

Since February, the non-fungible tokens (NFTs) have recorded strong growth, with trading volumes reaching $578 million (roughly Rs. 4,800 crores) and sales totalling $5.5 million (approx. Rs. 45,600 crores). By August end, the NFT sector's market capitalisation jumped to $9.3 billion (around Rs. 77,000 crores). NFTs also recorded a 40 percent hike from July, as per the data released by DappRadar. While trading volumes rose by 9 percent, sales dipped by 4 percent, suggesting that payment per transaction is high for collectors. Analysts believe that this revival was possible due to broader adoption, the boom of the Base network, and celebrity-driven attention.

NFTs on the Rise As Market Cap Climbs To $9.3 Billion In August

NFTs are unique digital assets on blockchains representing art, music clips, memorabilia, or even real-world rights. In 2014, Jennifer and Kevin McKoy created the first known NFT, “Quantum,” and with Ethereum's arrival in 2017, NFTS gained global recognition.

The NFT journey has been quite compelling. In 2021, trading peaked at $17 billion (roughly Rs. 1.4 lakh crores), thanks to big-name players like Pak's The Merge selling around for $91.8 million (around Rs. 760 crores).

Ethereum Rises on ETF Support While Bitcoin Stays Range-Bound

However, the sector also witnessed a severe downturn due to oversaturation, scams, and rising regulation. Volumes dropped from $23.7 billion (roughly Rs. 1.9 lakh crores) in 2022 to $8.8 billion (roughly Rs. 73,000 crores) in 2024, as per data provided by the Department of Commerce, Delhi School of Economics.

The tide appears to have turned again in 2025. Despite a 61 percent slide in Q1 volumes to $1.5 billion, momentum returned by mid-year. Global celebrities like Snoop Dogg entered the NFT industry, selling almost one thousand NFTs in 30 minutes via Telegram. NFTs have not been too far off from other public figures as well, such as Madonna, Cristiano Ronaldo, Elon Musk, Paris Hilton, and LeBron James.

🎤 @SnoopDogg's digital collectibles drop on Telegram sold out in just 30 minutes today, generating $12M in sales. Nearly 1M unique NFTs inspired by Snoop's iconic style. Blockchain minting and the secondary market go live in 21 days. It's going to be wild. pic.twitter.com/DeinT5C2f4
— Pavel Durov (@durov) July 9, 2025

Similarly, celebrities in India have also been associated with NFTs. Amitabh Bachchan became the first Indian star to launch an NFT collection via BeyondLife.club, featuring memorabilia such as poetry recitals, autographed posters, and curated “Big B Punks” avatars. Following Bachchan, Salman Khan also entered the NFT space with his Chulbul Pandey-themed NFTs on BollyCoin, connected to his Dabangg franchise.

Other Indian icons like Rajinikanth (Shivaji NFTs), Kamal Haasan, fashion designer Manish Malhotra, and actress Sunny Leone have similarly immersed themselves in the NFT space.

A complete cycle of growth, collapse, and recovery is reflected in the NFT story. As NFTs are maturing as they are moving from speculative art to real-world applications such as virtual tickets, gaming assets, and memorabilia. The aforementioned report indicates that 2025 may be the tipping point where NFTs are synonymous with functional digital tools rooted in real-world value, rather than being a speculative fad.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: NFT, cryptocurrencies, Indian Crypto, snoop dogg

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More

Nothing Ear 3 Teaser Drops Ahead of Imminent Launch

NFT Trading Rose to New High in August Even as Sales Dipped: Report

NFTs on the Rise As Market Cap Climbs To $9.3 Billion In August

Related Stories