Crypto Market Value Soars 6.1% in July, DeFi TVL Up 3.5% - Coincu
BTC $58662.456 -4.05%
ETH $2573.001 -3.25%
BNB $511.621 -3.90%
XRP $0.575 -2.79%
BTC ETH BNB ADA SOL AVAX DOGE LINK TRX
USD EUR GBP JPY AUD CAD CHF CNY
Convert
LIVE UPDATES • Crypto Market Value Soars 6.1% in July, DeFi TVL Up 3.5% • Market Overview (August 5 – August 11): The Week Of Ripple and Binance, Economic Shifts Looming • Homeland Avatar Mode in Axie Infinity! Discover the Latest in Crypto Advancements: Strategic Exchange Listings and User-Centric Features • Shiba Inu Eyes Potential 354% Gain as It Marks Fourth Anniversary • Grant Cardone Net Worth: The New York Times Bestselling Author • ETFSwap (ETFS) Presale Sparks A Gold Run With 10,000% Increase In 2 Weeks • World’s Best Crypto Presales for High Returns: Crypto Enthusiasts Flock BlastUP As It Launches Blastbox V2 • TRON’s Q2 Performance: Transaction Growth Soars 29%, But TVL Falls • Ethereum Gas Fees Plummet to 5-Year Low! • Binance in Venezuela Faces New Internet Restrictions Amid Political Unrest
News Crypto Market Value Soars 6.1% in July, DeFi TVL Up 3.5% 1 min - Around 2 mins mins to read
Key Points:
Crypto market value surged by 6.1% in July, driven by the SEC’s approval of 9 spot ETH ETFs and the sale of 50,000 BTC in Germany.
Total Value Locked (TVL) in DeFi increased by 3.5%, with CORE, Scroll, and Mantle leading gains, up by 121.2%, 66.0%, and 30.9%, respectively.
Despite a thriving market, NFT sales dropped by 7.14% to $400 million—with Solana collectables rising but major Ethereum NFTs declining.
According to a recent report, the Binance Research Institute outlined some main developments in the crypto market value in July.
Crypto market value went up 6.1%, buoyed by some positive news: approval of nine spot Ethereum ETFs by the U.S. Securities and Exchange Commission. At the same time, a German bankruptcy trustee sold off 50,000 Bitcoin. However, the period was also met with fears over the U.S. government’s repayment of Mt. Gox and BTC transfers. The trading volumes of the spot Ethereum ETF in its first week amounted to $5.8 billion. With all that volume, the net outflow from these investment products was $484 million. The outflows were mainly from Grayscale’s ETHE.
DeFi Sector Experiences Notable Gains Amid Crypto Market Value Surge
The total value locked in DeFi climbed 3.5% in July. Notable performers included CORE with a 121.2% gain, Scroll 66.0%, and Mantle 30.9%. Improved user experience, greater liquidity and the popularity of meme coin trading are driving the growth. On the prediction platform Polymarket, trading volume was at all-time highs, riding active traders on election cycles. Trading volume surged to over $387 million in July, up more than 614% compared to January.
NFT Market Faces Decline Despite Overall Market Growth
The NFT marketplace has become gloomy, with sales dropping 7.14% to $400 million. DMarket led the market, with $16.2 million in sales, then DogeZuki on Solana followed with $13.9 million. While Solana collectables, including Solana Monkey Business and Retardio Cousins, witnessed palpable sales growth, prominent Ethereum and top Ordinals collectables have suffered a considerable decline.
Crypto Market Value DeFi TVL Market Value Soars NFT market
Author Annie
Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Related Posts
Morgan Stanley Clients Get Permission to Expand Bitcoin ETF Investments Starting Today Bloomberg Analyst: Bitcoin ETF Options May Be Launched in Q4 The Extradition of Do Kwon Is Now Delayed by Montenegro Supreme Court Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets OKX CEO Warns: Tornado Cash Users Risk Immediate Account Liquidation! CFTC Investigates Ben Armstrong Former Company Over Alleged Meme Coin Scam Wharton Professor Urges Emergency 0.75% FED Rate Cut Now! Ex-Binance Global Adviser Now Becomes Senior Adviser for Harris’ 2024 Campaign
Crypto Market Value Soars 6.1% in July, DeFi TVL Up 3.5%
Key Points:
Crypto market value surged by 6.1% in July, driven by the SEC’s approval of 9 spot ETH ETFs and the sale of 50,000 BTC in Germany.
Total Value Locked (TVL) in DeFi increased by 3.5%, with CORE, Scroll, and Mantle leading gains, up by 121.2%, 66.0%, and 30.9%, respectively.
Despite a thriving market, NFT sales dropped by 7.14% to $400 million—with Solana collectables rising but major Ethereum NFTs declining.
According to a recent report, the Binance Research Institute outlined some main developments in the crypto market value in July.
Crypto market value went up 6.1%, buoyed by some positive news: approval of nine spot Ethereum ETFs by the U.S. Securities and Exchange Commission. At the same time, a German bankruptcy trustee sold off 50,000 Bitcoin. However, the period was also met with fears over the U.S. government’s repayment of Mt. Gox and BTC transfers. The trading volumes of the spot Ethereum ETF in its first week amounted to $5.8 billion. With all that volume, the net outflow from these investment products was $484 million. The outflows were mainly from Grayscale’s ETHE.
DeFi Sector Experiences Notable Gains Amid Crypto Market Value Surge
The total value locked in DeFi climbed 3.5% in July. Notable performers included CORE with a 121.2% gain, Scroll 66.0%, and Mantle 30.9%. Improved user experience, greater liquidity and the popularity of meme coin trading are driving the growth. On the prediction platform Polymarket, trading volume was at all-time highs, riding active traders on election cycles. Trading volume surged to over $387 million in July, up more than 614% compared to January.
NFT Market Faces Decline Despite Overall Market Growth
The NFT marketplace has become gloomy, with sales dropping 7.14% to $400 million. DMarket led the market, with $16.2 million in sales, then DogeZuki on Solana followed with $13.9 million. While Solana collectables, including Solana Monkey Business and Retardio Cousins, witnessed palpable sales growth, prominent Ethereum and top Ordinals collectables have suffered a considerable decline.
Visited 1 times, 1 visit(s) today
Other Posts
Related Posts
- 5 hours ago 2 mins
Ethereum Gas Fees Plummet to 5-Year Low!
Casino Reviews
- 336 days ago 49 mins
Top Bitcoin Casino Sites In 2024
Casino Reviews
- 296 days ago 13 mins
Best Tether Casino Sites With USDT Bonuses 2024
Knowledge
- 212 days ago 12 mins
Crypto To Crypto Converter: Detailed Guide For Beginners And Important Notes
Casino Reviews
- 336 days ago 19 mins
Top Bitcoin Gambling Sites In 2024
Uncategorized
- 461 days ago 11 mins
Top 5 Gambling Projects Will Offer You The Most Attractive Benefits
- 6 hours ago 2 mins
Layer 1 Canto Outage Incident Causes Network Downtime After New Upgrade
Knowledge
- 212 days ago 12 mins
Fiat To Fiat Converter: Detailed Guide For Beginners And Important Notes
24h 7D 30D Trending
- 1 days ago 3 mins
CFTC Prediction Market Proposal Now Receiving Fierce Opposition From the Crypto Industry
- 1 days ago 2 mins
AnubisDAO Rug Pull Backs After Nearly 3 Years With Suspicious Transactions
- 5 hours ago 2 mins
Ethereum Gas Fees Plummet to 5-Year Low!
- 1 days ago 2 mins
Peruvian Crypto Companies Required to Comply with New Rules to Prevent Money Laundering
- 1 days ago 2 mins
Bitgo BiT Global Venture Established To Enhance The Custody Of $95 Billion WBTC
Market
- 7 days ago 3 mins
Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets
Press Releases
- 3 days ago 3 mins
- 4 days ago 3 mins
Ripple SEC Lawsuit Continues to See a Victory for XRP
- 7 days ago 2 mins
ETH Price Drop Triggers Massive Liquidations And Market Turbulence
- 7 days ago 2 mins
Memecoin Neiro Plummets 60% as Vitalik Sells for 44.4 ETH!
Press Releases
- 24 days ago 3 mins
PlayDoge ICO Raises $5.7 Million: Analyzing Why Investors Are Taking Notice
Market
- 7 days ago 3 mins
Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets
- 8 days ago 2 mins
The Strategic Bitcoin Reserve Bill Is Now Officially Announced With Positive Community Response
- 20 days ago 3 mins
Press Releases
- 3 days ago 3 mins
Latest
view more
- 1 min 2 mins
1 min
12 Aug
Crypto Market Value Soars 6.1% in July, DeFi TVL Up 3.5% August 12, 2024
- 15 mins ago 3 mins
15 mins ago
12 Aug
Market Overview (August 5 – August 11): The Week Of Ripple and Binance, Economic Shifts Looming August 12, 2024
- 27 mins ago 4 mins
27 mins ago
12 Aug
Homeland Avatar Mode in Axie Infinity! Discover the Latest in Crypto Advancements: Strategic Exchange Listings and User-Centric Features August 12, 2024
TOP Casino Projects
view more
Press Release
view more
- 27 mins ago 4 mins
27 mins ago
12 Aug
Homeland Avatar Mode in Axie Infinity! Discover the Latest in Crypto Advancements: Strategic Exchange Listings and User-Centric Features
- 42 mins ago 3 mins
42 mins ago
12 Aug
Shiba Inu Eyes Potential 354% Gain as It Marks Fourth Anniversary
- 4 hours ago 6 mins
4 hours ago
12 Aug
World’s Best Crypto Presales for High Returns: Crypto Enthusiasts Flock BlastUP As It Launches Blastbox V2
Key Points:
Crypto market value surged by 6.1% in July, driven by the SEC’s approval of 9 spot ETH ETFs and the sale of 50,000 BTC in Germany.
Total Value Locked (TVL) in DeFi increased by 3.5%, with CORE, Scroll, and Mantle leading gains, up by 121.2%, 66.0%, and 30.9%, respectively.
Despite a thriving market, NFT sales dropped by 7.14% to $400 million—with Solana collectables rising but major Ethereum NFTs declining.
According to a recent report, the Binance Research Institute outlined some main developments in the crypto market value in July.
Crypto market value went up 6.1%, buoyed by some positive news: approval of nine spot Ethereum ETFs by the U.S. Securities and Exchange Commission. At the same time, a German bankruptcy trustee sold off 50,000 Bitcoin. However, the period was also met with fears over the U.S. government’s repayment of Mt. Gox and BTC transfers. The trading volumes of the spot Ethereum ETF in its first week amounted to $5.8 billion. With all that volume, the net outflow from these investment products was $484 million. The outflows were mainly from Grayscale’s ETHE.
DeFi Sector Experiences Notable Gains Amid Crypto Market Value Surge
The total value locked in DeFi climbed 3.5% in July. Notable performers included CORE with a 121.2% gain, Scroll 66.0%, and Mantle 30.9%. Improved user experience, greater liquidity and the popularity of meme coin trading are driving the growth. On the prediction platform Polymarket, trading volume was at all-time highs, riding active traders on election cycles. Trading volume surged to over $387 million in July, up more than 614% compared to January.
NFT Market Faces Decline Despite Overall Market Growth
The NFT marketplace has become gloomy, with sales dropping 7.14% to $400 million. DMarket led the market, with $16.2 million in sales, then DogeZuki on Solana followed with $13.9 million. While Solana collectables, including Solana Monkey Business and Retardio Cousins, witnessed palpable sales growth, prominent Ethereum and top Ordinals collectables have suffered a considerable decline.
Visited 1 times, 1 visit(s) today