the guys from Binance Research put together some solid insights, so let’s take a quick walk through July’s crypto market 🪄
⚫ the market grew 13%, driven by capital rotating out of BTC and into altcoins. ETH rallied 48% as 24 more companies added it to their balance sheets, pushing corporate holdings to 2.7M ETH (nearly half of ETF-held ETH)
⚫ BTC dominance slipped 5.2pp to 60.6% as investors anticipate Fed cuts and new US crypto bills like the #GENIUSAct
⚫ stablecoins & tokenized assets (RWA) also rocked: stablecoin transfer volume hit $2.1T (again outpacing Visa), tokenized stocks’ market cap grew 220% MoM, and active addresses jumped from 1,600 to 90,000.
⚫ NFTs showed signs of rebound with sales up ~50%, led by CryptoPunks (+393%) and Bitcoin-based NFTs (+28%) - still far from previous peaks, but recovery is underway.
altcoin rotation looks structural: ETH + tokenized assets = growing, diversified demand. BTC remains the anchor, but a more balanced market is forming. if macro + regulatory tailwinds hold, expect the trend to accelerate (it’s inevitable, but maybe you're still not in the gang)
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