July crypto market trends revealed a strong resurgence in trading activity across centralized and decentralized exchanges.
Crypto exchange volume hit $1.71 trillion, marking the highest level since February. This was a 55% increase from June’s $1.1 trillion, signaling renewed investor confidence and market momentum.
Binance dominated the landscape, processing $683 billion in volume. That’s a sharp rise from $436 billion in June and the highest since January’s $801 billion. Bitget, Bybit, and Upbit followed with volumes of $126 billion, $122 billion, and $110 billion, respectively.
This uptick in volume coincided with a broader rally in the crypto market. Bitcoin recorded its highest monthly close in history at $115,644. It gained 7.5% from the start of the month, rising from around $107,000. Ether posted an even bigger surge, jumping 49.5% during July. These movements reflect strong investor sentiment, likely driven by positive macroeconomic signals and increased institutional interest.
Market Leaders Drive Momentum
The dominance of Binance and the gains by Ethereum and Bitcoin reflect coordinated market optimism. This rebound in July indicates stronger traction than previously seen in the past few months.
Decentralized exchanges (DEXs) also saw significant growth. Their combined trading volume in July reached $435.3 billion. This was the highest level since January, driven by platforms like PancakeSwap. It alone contributed $188.6 billion in trades, reinforcing the increasing popularity of decentralized finance (DeFi).
The high DEX numbers point toward growing interest in non-custodial trading options. Users appear to be diversifying across centralized and decentralized platforms to manage exposure and risk. It also suggests confidence in Web3 technologies and more user-friendly DeFi interfaces.
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July crypto market trends show a shift toward DeFi growth
The decentralized exchange surge shows users are embracing the DeFi ecosystem, signaling potential for long-term growth.
Crypto experts now wonder if this is the start of a longer bull run. Factors such as ETF speculation, institutional investment, and rising user adoption might keep the momentum going. Whether the market can sustain this trend depends on macroeconomic factors and upcoming regulations.
For now, July crypto market trends suggest a strengthening ecosystem supported by both traditional exchanges and emerging DeFi platforms.