NFTs defeated Defi in activity because both sectors explode in July

July turned out to be an outbreak month for web3. Especially the decentralized financial sector (Defi) which, according to Dappadar, dries a large part of the momentum.

The total value locked (TVL) rose by more than 30% to end the month at $ 259 billion and briefly became a record high of $ 270 billion on July 28.

Tokenized stock tree

The peak was an indication of a growing confidence of investors, flowing in fresh capital and a stronger demand for users in credit protocols, decentralized exchanges and tokenized asset platforms.

One of the most striking developments of the month arrived From tokenized shares, where the number of portfolios that interacts with this assets shot up from around 1,600 to more than 90,000. This increase managed to eliminate their market capitalization by 220%.

Dapradar explained that the tree points to Real-World assets (RWA) that is approaching a turning point in adoption.

In the meantime, Ethereum maintained its position as Defi’s leader, because it took $ 166 billion to TVL compared to Solana’s $ 23 billion.

The price of Ether rose nearly 60% during the month, due to a favorable regulatory sentiment, while the rewards climbed to 29.4% APY.

On Solana, derivaten-oriented hyperliquid arose as a powerful powerhouse and in July 35% of all blockchain revenues were. The platform now manages more than 60% of the daily forever futures volume, with $ 15.3 billion in open interest, and processed $ 5.1 billion in USDC bridge transactions.

Policy developments were also central when American legislators promoted crucial legislation. The Genius Act created a Stablecoin -regulating framework, while the Clarity Act, digital assets classifications between SEC and CFTC defined.

At the momentum, SEC chairman Atkins ‘Project Crypto’, a route map to integrate Defi into traditional finances through new standards for token issue, custody and sector-specific compliance.

From slumps to increase

The NFT market also organized an important comeback in the same period that the report revealed that the sector even surpassed Defi in activity for the first time in months.

According to market data, NFT trade volume increased by 96% to $ 530 million, even when sales fell by 4% to 5 million. The average NFT price has more than doubled from $ 52 in June to $ 105 in July, because the demand for Blue-Chip collections from high-quality traders has risen.

On Ethereum, Blur conquered up to 80% of the daily NFT volume, which was fed by professional traders and the mixture single protocol. OpenSea, on the other hand, maintained its dominance in user numbers and on average around 27,000 daily traders with strong cross-chain lists.

Zora saw growing adoption through his maker-oriented layer 2 and Zora token, which offers cheap, accessible NFT-Minting.

Big brands also made movements. Starbucks, for example, concluded that his Odyssey NFT-Loyality pilot, Nike’s .Woosh collaborated with EA Sports for virtual in-game virtual sneakers, and Louis Vuitton, Rolex and Coca-Cola (China) launched NFT pilot.

In addition, entertainment and sports players such as Netflix, NBA Top Shot and FIFA projects with clearer licensing frames have continued.

“The great shift? NFT’s evolve from hype to use, from collective objects and culture to identity, ticketing, gaming and tokenized real-world assets.”