The NFT market cap has reached $9.3 billion, fueled by a rally in Ethereum prices, according to CoinMarketCap. This growth underscores the increasing interest and investment in non-fungible tokens, which predominantly operate on the Ethereum blockchain. The rise in Ethereum's value has significantly boosted the NFT sector, illustrating the interconnected dynamics of cryptocurrency markets. The report, dated August 14, 2025, sheds light on current trends in the digital asset space.