July saw a solid growth in crypto -market capitalization: Binance Report

The cryptocurrency market grew in July by 13.3%, mainly driven by Bitcoin (BTC) that hit different price heights throughout the month. The rally attracted an increased institutional interest in Bitcoin, Ethereum and Major Altcoins, supported by more companies that integrate digital assets into their company treasures.

According to a monthly report Through Binance, the world’s largest crypto exchange, legal progress in the US, including the approval of new stabilecoin laws, contributed to the trust of the participants in the market. As a result, Altcoins performed surplus BTC during the month, which pushed Bitcoin’s market dominance to 60.6%, while the share of Altcoins rose nearly 39.2%.

Regulatory advances stimulate the crypto market

July showed positive signs of the expected federal reserve rate reductions and new crypto legislation. Binance noted that these developments increased the institutional demand for Altcoin -Futures and increased digital asset ownership.

In particular, Ether (ETH) saw a considerable jump in company possession, with around 127.7% to more than 2.7 million ETH. This increase was in line with an increase in the price of 50%, making it one of the best -performing cryptocurrencies last month.

An important milestone of the regulations was the adjustment of the Genius Act, which established a federal framework for Stablecoins that are fully supported by cash or short-term and compatible anti-money laundering practices. This law encouraged major banks such as JPMorgan and Citi to expand pilot programs for ground deposits and cross -border payments.

Fintech company Visa also recognized the growing importance of stablecoins in payments and plans to increase its support. Stablecoin transfers on the chain remained close to record levels, so that the transaction volumes of Visa since the end of 2024 consistently exceed the transaction volumes of Visa, underlining their growing role in global payments.

Tokenized shares get a grip

Tokenized shares saw a growing activity in July and achieved a market value of approximately $ 370 million. Popular tokenized assets such as Tesla shares and the S&P 500 ETF accounted for $ 53.6 million, while active on-chain addresses rise from 1,600 to 90,000, which emphasized the rising user participation.

Despite this growth, centralized exchanges are still about the majority of Tokenized stock trade, with volumes that are more than 70 times higher than those on platforms on chains. Binance suggests that if even a small part of the global stock market is tokened, this can create a market of $ 1.3 trillion, so that the road is cleared for a broader acceptance of assets on chains and decentralized finances.