DeFi Liquidity Reaches Record $270 Billion in July

On July 28, the total value locked (TVL) in the DeFi sector reached an all-time high of $270 billion. The figure closed the month at $259 billion, increasing by more than 30%, according to a report by DappRadar.

Researchers noted high activity in the tokenized stocks segment. The number of wallets interacting with this asset class surged from approximately 1,600 to about 90,000 over 30 days. The market capitalization of this sector also grew by 220%.

“This is not just growth, but a signal that real-world tokenized assets (RWA) are beginning to reach critical mass,” analysts noted.

Ethereum continues to dominate the DeFi market with a TVL of $166 billion. Meanwhile, staking rewards in the network of the second-largest cryptocurrency by market capitalization soared to 29.4% annually, reflecting “growing user confidence and activity.”

Solana’s figure stood at $23 billion. The Hyperliquid platform accounted for 35% of the blockchain’s revenue for the month.

NFT Revival

In July, the activity in the non-fungible token market outpaced DeFi. Trading volume nearly doubled—up 96% to $530 million. However, sales fell by 4% to $5 million.

“This tells us one thing: NFTs have become more expensive,” concluded DappRadar.

In June, the average token price was $52, and in July it reached $105, an increase of 103%. Blue-chip collections are back in the spotlight, with whales providing the main volume for them.

The Blur marketplace dominated NFT trading volumes on Ethereum (up to 80% of daily share). OpenSea maintained its lead in user numbers (around 27,000 daily traders).

“Non-fungible tokens are transforming from hype to utility, from collectibles and culture to elements of identity, ticket sales, gaming, and RWA,” experts emphasized.

Decline in Dapp Activity

In terms of user numbers, July was weak for decentralized applications. The number of UAW fell by 8%, reaching 22 million.

The most significant decline occurred in the decentralized social networks sector. User numbers dropped by 27% to 2.8 million.

“Currently, platforms like InfoFi such as Farcaster and the new Base app are in the spotlight, but many communities remain tightly controlled. This makes it difficult for newcomers to enter, despite the enormous potential. However, in the long term, this category could become foundational. The creator economy already dominates traditional media and is confidently penetrating Web3,” added DappRadar.

The artificial intelligence sector also showed a notable decline of 14%, reaching 4.1 million UAW. The DeFi sector lost 6%. GameFi demonstrated resilience with a 2% increase.

Back in July, journalists highlighted hidden unemployment in Ethereum and Solana. According to their data, blockchain protocols are not generating revenue.