NFTs Beat DeFi in Activity as Both Sectors Explode in July
The post NFTs Beat DeFi in Activity as Both Sectors Explode in July appeared on BitcoinEthereumNews.com.
July proved to be a breakout month for Web3. The decentralized finance (DeFi) sector, especially, which drover much of the momentum, according to DappRadar. Total value locked (TVL) surged over 30% to end the month at $259 billion and briefly touched an all-time high of $270 billion on July 28. Tokenized Stock Boom The spike was indicative of a growing investor confidence, fresh capital inflows, and stronger user demand across lending protocols, decentralized exchanges, and tokenized asset platforms. One of the month’s most striking developments came from tokenized stocks, where the number of wallets interacting with these assets skyrocketed from roughly 1,600 to more than 90,000. This surge managed to lift their market capitalization by 220%. DappRadar explained that the boom points to real-world assets (RWA) nearing a tipping point in adoption. Meanwhile, Ethereum maintained its position as DeFi’s leader, as it recorded $166 billion in TVL compared to Solana’s $23 billion. Ether’s price jumped nearly 60% during the month, owing to favorable regulatory sentiment, while staking rewards climbed to 29.4% APY. On Solana, derivatives-focused Hyperliquid emerged as a revenue powerhouse, and accounted for 35% of all blockchain revenue in July. The platform now commands over 60% of daily perpetual futures volume, with $15.3 billion in open interest, and processed $5.1 billion in USDC bridge transactions. Policy developments also took center stage as US lawmakers advanced crucial legislation. The GENIUS Act created a stablecoin regulatory framework, while the CLARITY Act, defined digital asset classifications between the SEC and CFTC. Adding to the momentum, SEC Chair Atkins unveiled “Project Crypto,” a roadmap to integrate DeFi into traditional finance through new standards for token issuance, custody, and sector-specific compliance. From Slump to Surge The NFT market also staged a significant comeback during the same period The report revealed that the sector even…
Filed under: News - @ August 10, 2025 8:21 pm