The cryptographic market grew by 13% in July, fed by a Bitcoin rotation
In Altcoins, according to the “Monthly Market Insights” report by Binance Research for August.
Ether (Eth) He was the leading, which met at 48%, since another 24 companies added the asset to their balance sheets, raising corporate holdings by 128% to 2.7 million ETH. That is almost half of the number of ETFs. Binance attributed the tendency to aim the performance, the deflationary supply of ETH and the growing comfort among companies to maintain cryptocurrencies.
Bitcoin
The domain fell 5.2 percentage points to 60.6%, driven by the expectations of the interest rate cuts of the Federal Reserve and the regulatory clarity of the United States for the approval of three main cryptographic invoices, including the genius law on stables completely reserved.
Stablecoin’s transfer volumes remained about $ 2.1 billion, exceeding the visa again, as they have done since the late 2024. JPMorgan expanded his deposit pilot, CITI explored tokenized deposits for cross -border settlements and the visas referred to with stamps reaffirmed as complex to his network.
The report also highlights a 220% month to month in the capitalization of the market for tokenized shares widely negotiated as Tesla (TSLA). The company excluded the exodus movement (Exod) The actions issued through Securitize of their calculations, saying that the calculation was biased.
Tokenization is the process of representing real world assets (RWAS) as actions as digital equivalents that can be negotiated in blockchains. As of June of this year, the RWA tokenization market reached the value of $ 24 billion.
Active addresses in the chain for tokenized shares were raised to 90,000 1,600, while centralized exchanges facilitated more than 70 times more volume than places in the chain. Binance compared the growth of the sector with Defi 2020-2021 boom and estimated that token only 1% of global shares could create a $ 1.3 billion market.
NFT sales recovered almost 50% in July, led by a 393% jump in Cryptopunks transactions, while Bitcoin NFTS saw an increase of 28%. Even so, the volumes remain below the previous cycle.
The report suggests that if macroeconomic tail winds are maintained, capital rotation in Altcoins, together with the regulatory green light for the established established assets and assets, could accelerate the integration of the crypt into conventional finances.
