The Crypto Market grew 13% in value in July, driven by a rotation from Bitcoin
Into Altcoins, according to Binance Research’s “Monthly Market Insight” report for August.
Ether (Eth) was the prominence who gathered 48% when another 24 companies added the asset to their balance, raising corporate stocks by 128% to 2.7 million ETH. That’s almost half of the number of ETFs. Binance attributed to the trend for action yield, ETH’s deflation supply and growing comfort among companies to keep cryptocurrencies direct.
Bitcoin
Dominance fell 5.2 percentage points to 60.6%, driven by expectations of cuts in the Federal Reserve Rent and US legislative clarity from the passage of three major crypto bills, including the genius law on fully reserved stableecoins.
StableCOin transfer volumes kept close to $ 2.1 trillion and surpassed visas again as they have done since the end of 2024. JPMorgan expanded its deposit token pilot, Citi explored tokenized deposits for cross-border settlements and Visa confirmed stigecoins as complementary to its network.
The report also highlights a 220% month-to-month jump in the market cloak with broadly traded tokenized shares like Tesla (TSLA). Business excluded Exodus Movement (Exod) Shares issued via Securitize from its calculations and said they were skewed the calculation.
Tokenization is the process of representing assets in the real world (Rwas) such as stocks like digital equivalents that can be traded on blockchains. From June this year, RWA -Tokenization Market reached $ 24 billion in value.
Active On-Chain addresses for tokenized stocks rose to 90,000 from 1,600, while centralized exchanges facilitated over 70 times more volume than on-chain venues. Binance compared growth in the sector with the Defense Boom 2020-2021 and estimated that tokenization of only 1% of global equities could create a $ 1.3 trillion market.
NFT -SALE REBOUND NEAR 50% IN July, led by a 393% jump in cryptopunks transactions, while Bitcoin NFTS experienced a 28% ladder. Still, volumes remain during the prior cycle tops.
The report suggests that if macroeconomic headwind holds, the capital rotation to Altcoins, combined with the regulatory green light for stablecoins and tokenized assets, could speed up Crypto’s integration into mainstream financing.
