Close Menu
Cryprovideos
    What's Hot

    Bitcoin and Ethereum ETFs See Huge Setback After a Document Month

    August 2, 2025

    SHIB Turns 5: From Meme to Milestone, the Shiba Inu Journey ‣ BlockNews

    August 2, 2025

    Credit score Card Giants Downplay Crypto Disruption Amid Rising Stablecoin Momentum – CryptoDnes EN

    August 2, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»NFT-related tokens soar in Q2, with PENGU main regardless of decline in buying and selling volumes
    NFT-related tokens soar in Q2, with PENGU main regardless of decline in buying and selling volumes
    Crypto News

    NFT-related tokens soar in Q2, with PENGU main regardless of decline in buying and selling volumes

    By Crypto EditorJuly 11, 2025Updated:July 11, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    NFT-related tokens soar in Q2, with PENGU main regardless of decline in buying and selling volumesNFT-related tokens soar in Q2, with PENGU main regardless of decline in buying and selling volumes

    NFT-related tokens delivered the strongest sector efficiency within the second quarter, gaining a mean of 55.4% at the same time as dollar-denominated NFT buying and selling quantity fell to multi-year lows.

    Artemis knowledge reveals that the common good points from NFT-related tokens surpassed the second-best efficiency, which was Ethereum’s (ETH) 37.2%, by almost 50%.

    Pudgy Penguins’ PENGU token accounted for a lot of the sector’s advance. Buying and selling knowledge confirmed PENGU closed at $0.01476 on June 30, up from its intraday low of $0.00387 on April 8. The transfer represents a acquire of roughly 3.8 occasions in simply 83 days.

    Day by day turnover on Binance routinely exceeds $180 million in USDT phrases, indicating sustained speculative urge for food. The surge helped the NFT-applications basket outpace synthetic intelligence tokens (35.6%) and Bitcoin (31.4%) in the course of the interval, based on Artemis.

    As Bitcoin registered a brand new all-time excessive above $118,000 on July 11, PENGU is priced at $0.229 with a 20% value improve.

    Volumes shrink whereas transaction counts climb

    DappRadar’s “State of the Dapp Trade” report reveals second-quarter NFT buying and selling quantity slipped to $823 million from $1.5 billion within the first quarter, a forty five% drop. The droop is extra vital if in comparison with the $4 billion in quantity a yr earlier, a 79% decline.

    The drop got here regardless of a bounce in gross sales rely to 12.5 million from 7 million the prior quarter, suggesting smaller ticket sizes dominated exercise. 

    DappRadar attributes the divergence to a market shift towards low-cost collectibles and gamified minting, which inflates transaction numbers with out lifting notional worth.

    Market contributors attributed the disconnect between token costs and market turnover to hypothesis shifting from non-fungible property to their associated governance or meme tokens.

    Artemis analysts famous that merchants looking for leveraged publicity to NFT tradition gravitated towards liquid exchange-listed tokens quite than illiquid JPEGs, a sample that intensified as soon as ETH funding charges turned destructive in mid-Could.

    Broader sector knowledge reinforce the cut up. The Bitcoin ecosystem elevated by 6.2% and sensible contract platforms rose by 16.2% in the course of the quarter, however real-world asset tokens declined by 50.6% and knowledge availability tasks fell by 47.4%, based on Artemis. 

    Second-quarter efficiency has left PENGU with a market capitalization exceeding $1.4 billion and a high 82 place on main value dashboards.

    The token’s outsized rally, paired with shrinking market quantity, illustrates the rising detachment between fungible representations of NFT manufacturers and the underlying non-fungible property they reference.

    Talked about on this article



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Credit score Card Giants Downplay Crypto Disruption Amid Rising Stablecoin Momentum – CryptoDnes EN

    August 2, 2025

    Can Google Gemini actually assist plan crypto trades?

    August 2, 2025

    Warren Calls for Solutions on Trump Household’s Crypto Deal Dangers

    August 2, 2025

    Which crypto is value mining?

    August 2, 2025
    Latest Posts

    Bitcoin and Ethereum ETFs See Huge Setback After a Document Month

    August 2, 2025

    Czech ministry underneath hearth for accepting Bitcoin from convicted felony

    August 2, 2025

    Realized Value Principle Says $123,000 Is Not The Bitcoin Prime | Bitcoinist.com

    August 2, 2025

    Michael Saylor Touts Bitcoin-Tied Most popular Inventory as 'Excessive-Yield' Choice for Retirees – Decrypt

    August 2, 2025

    Bitcoin’s $115K Wrestle: Is a Deeper Drop on the Horizon?

    August 2, 2025

    Metaplanet Plans $3.7 Billion Elevate To Hit 210,000 Bitcoin Aim By 2027 Finish | Bitcoinist.com

    August 2, 2025

    Spot Bitcoin ETFs see second-largest outflow, Ether ETFs finish 20-day streak

    August 2, 2025

    Bitcoin Hyper Hits $6M in Viral Presale: Greatest Altcoin to Purchase in August?

    August 2, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Trump-Linked World Liberty Monetary Companions With Pakistan Crypto Council

    April 26, 2025

    Ethereum Worth Prediction: ETH Pumps 8%, However Analysts Say This Vote-To-Earn Meme Coin May Be The Finest Crypto To Purchase Now

    November 23, 2024

    Charles Hoskinson’s Lengthy-Standing Crypto Prediction Is Enjoying Out – CryptoDnes EN

    May 24, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.