Ethereum price chart (ETH/USDT), Binance market. Source: TradingView
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NFT: Record market cap and the dominance of Ethereum-Based collections
As anticipated, Ethereum is the most chosen blockchain in the NFT sector, or at least among those that remain the best-selling.
In fact, by taking a look at the ranking of NFT collections by market cap, in the first place there is CryptoPunks with over 2 billion dollars. In second place, then, there is the collection Bored Ape Yacht Club (BAYAC) and in third the Pudgy Penguins, with both having a market cap around 600 thousand dollars.
These three collections plus another 10 from this NFT ranking by market cap are all Ethereum-based.
In any case, in the last 24 hours alone, CryptoPunks has generated a volume of 630.47 ETH, which is +119%.
Even Pudgy Penguins seems to have recorded a novelty:
“We are pleased to announce that $BTCS has acquired 3 NFT Pudgy Penguins to add to its treasury. @NasdaqBTCS is a blockchain company listed on the @NasdaqExchange that holds over 300 million dollars in ETH. The treasury penguins are real.”
The pump of ETH: Ethereum is on fire
While the NFT sector is soaring, ETH is also enjoying this price pump for several days.
In fact, it was August 11 when it surpassed the threshold of $4,000, with Coin Metrics stating that behind it were primarily pension funds and hedge funds that see ETH as a strategic asset in the long term.
In practice, it seems that industry analysts have observed that the correlation between institutional inflows and Ethereum performance has strengthened significantly in 2025.
This means that the activity of institutional financial operators, increasingly interested in the ETF on Ethereum, is influencing its trend.
