The crypto market grew 13% in worth in July, fueled by a rotation from bitcoin
Ether (ETH) was the standout, rallying 48% as one other 24 corporations added the asset to their stability sheets, lifting company holdings by 128% to 2.7 million ETH. That is practically half the quantity held by ETFs. Binance attributed the development to staking yield, ETH’s deflationary provide and rising consolation amongst corporations to carry cryptocurrencies straight .
Bitcoin
dominance fell 5.2 share factors to 60.6%, pushed by expectations of Federal Reserve interest-rate cuts and U.S. regulatory readability from the passage of three main crypto payments, together with the GENIUS Act on absolutely reserved stablecoins .
Stablecoin switch volumes held close to $2.1 trillion, outpacing Visa once more, as they’ve accomplished since late 2024. JPMorgan expanded its deposit-token pilot, Citi explored tokenized deposits for cross-border settlements and Visa reaffirmed stablecoins as complementary to its community .
The report additionally highlights a 220% month-on-month leap available in the market cap of extensively traded tokenized shares akin to Tesla (TSLA). The corporate excluded Exodus Motion (EXOD) shares issued by way of Securitize from its calculations, saying they skewed the calculation.
Tokenization is the method of representing real-world belongings (RWAs) akin to shares as digital equivalents that may be traded on blockchains. As of June this 12 months, the RWA tokenization market reached $24 billion in worth.
Energetic on-chain addresses for tokenized shares soared to 90,000 from 1,600, whereas centralized exchanges facilitated over 70 occasions extra quantity than on-chain venues. Binance likened the expansion of the sector to DeFi’s 2020-2021 increase and estimated that tokenizing simply 1% of world equities may create a $1.3 trillion market.
NFT gross sales rebounded practically 50% in July, led by a 393% leap in CryptoPunks transactions, whereas Bitcoin NFTs noticed a 28% rise. Nonetheless, volumes stay beneath prior-cycle peaks.
The report means that if macroeconomic tailwinds maintain, the capital rotation into altcoins, coupled with the regulatory inexperienced gentle for stablecoins and tokenized belongings, may speed up crypto’s integration into mainstream finance.
