The cryptography market increased by 13% in July, fueled by a bitcoin rotation
Into Altcoins, according to the “Monthly Market Insights” report by Binance Research for August.
Ether (Eth) Was the star, gathering 48% while 24 other companies added the asset to their balance sheets, raising the assets of companies from 128% to 2.7 million ETH. It is almost half of the number held by ETF. Binance has attributed the trend to yield, ETH’s deflationary offer and growing comfort among companies to directly hold cryptocurrencies.
Bitcoin
Domination fell by 5.2 percentage points to 60.6%, driven by expectations of interest rate reductions in the federal reserve and the American regulatory clarity of the adoption of three main Crypto bills, including the fully reserved engineering law.
STABLAGE transfer volumes were held nearly 2.1 billions of dollars, again exceeding the visa, as they have done since the end of 2024. JPMORGAN has expanded its stained deposit pilot, Citi explored the tokenized deposits for transfrontation establishments and visa visa visa as complementary to its network.
The report also highlights a leap of 220% per month in the market capitalization of largely negotiated token stocks such as Tesla (Tsla). The company has excluded the Exodus movement (Exodus) The actions issued via security from its calculations, saying that they have distorted the calculation.
Tokenization is the process of representing active world real (Rwas) As actions as digital equivalents that can be exchanged on blockchains. In June of this year, the RWA tokenization market reached $ 24 billion in value.
Active chain addresses for token actions have climbed 90,000 against 1,600, while centralized exchanges have facilitated more than 70 times more volume than chain sites. Binance compared the growth of the sector to the boom of DEFI 2020-2021 and estimated that tokenization only 1% of global shares could create a market of $ 1.3 billion.
NFT sales rebounded almost 50% in July, led by a 393% increase in cryptopunks transactions, while NFT Bitcoin experienced a 28% increase. However, the volumes remain below peaks in the previous cycle.
The report suggests that if the macroeconomic tail winds are maintained, the rotation of capital in altcoins, coupled with regulatory green light for stablecoins and tokenized assets, could accelerate the integration of cryptography into traditional finance.
