Locked liquidity on decentralized finance (DeFi) purposes reached a file $270 billion in July, partly pushed by tokenized shares progress.
DappRadar’s information exhibits the entire worth locked (TVL) in DeFi protocols jumped 30% month-over-month, whereas lively wallets for tokenized shares soared from roughly 1,600 to greater than 90,000, pushing their market cap up 220%.
In the meantime, NFT buying and selling volumes jumped 96% to $530 million through the month. The common NFT value additionally doubled to round $105 as extra customers engaged with the market.
NFT exercise edges forward of DeFi
Whereas DeFi liquidity climbed, person consideration shifted elsewhere. In July, roughly 3.85 million of the 22 million day by day lively wallets interacted with NFT DApps — barely greater than have been lively in DeFi.
Ethereum-based market Blur drove a lot of the exercise, capturing as much as 80% of day by day NFT quantity, whereas OpenSea topped lively customers at roughly 27,000 merchants. Zora additionally gained momentum with its creator-first layer 2 and $ZORA token for low-cost minting.
Main manufacturers continued experimenting with NFTs. Nike.SWOOSH partnered with EA Sports activities for digital sneaker drops, and Louis Vuitton, Rolex and Coca-Cola (China) launched authentication and collectible pilots.
NFT buying and selling quantity additionally rose about 36% in July to $530 million, up from $389 million in June, although it’s nonetheless down from its 2025 excessive of $997 million in January.
Supply: Dapp Radar
As reported by Cointelegraph, there was a resurgence in curiosity in OG NFT collections like CryptoPunks. Knowledge from NFT Ground Value exhibits the Ethereum-based assortment is up over 25% the previous month.
In the course of the previous 24 hours, 9 of the highest 10 NFT gross sales have been CryptoPunks: The lone non-Punk sale being an NFT from the Web3 artist Beeble.
NFT market continues to be removed from its 2021 growth
Regardless of July’s rebound, NFTs are nonetheless underwhelming in comparison with previous peaks. DappRadar’s 2024 business overview exhibits that NFT buying and selling quantity dropped 19% 12 months‑over‑12 months, and gross sales counts declined 18%, making 2024 one of many weakest years since 2020.
CryptoSlam information for H1 2025 additional underscores the gradual restoration: NFT gross sales totaled $2.82 billion, down 4.6% from the second half of 2024.
Whereas there was a notable resurgence in July, with buying and selling quantity and flooring costs rising, the market nonetheless properly under its 2021 highs, when buying and selling volumes bumped into the tens of billions.
