In August 2025, the NFT market recorded $578 million in trading volumes and 5.5 million sales, indicating a significant recovery from previous downturns.
The resurgence is attributed to NFT initiatives at venues like Hï in Ibiza and the Coinbase layer-2 network Base, which facilitates NFT transactions with lower costs.
Ethereum remains the leading platform in the NFT space, maintaining a 61% market share and contributing to the overall growth of NFT trading activities.
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