ETH leads to altcoins in crypto market driving higher in stablecoins, tokenized stock in July: Binance Research
The crypto market rose 13% value in July, which was -fuel by a spin from Bitcoin
To the Altcoins, according to the Binance Research’s “Monthly Market Insight” report for August.
Ether (Et) is the standout, rallying 48% as another 24 Companies added ownership to their balance sheetsRaising corporate handling of 128% to 2.7 million ethics. That is about half of the number held by the ETFs. Binance relates to the staking yield, the deflationary supply of ETH and growing comfort to companies to directly handle cryptocurrencies directly.
Bitcoin
Dominance falls by 5.2 percent points to 60.6%, driven by Expectations of Federal Reserve Interests Interest and the clarity of US regulation from the passage of three major crypto bills, including The Genius Act in fully reserved stablecoins.
Stablecoin transfer volumes held near $ 2.1 trillion, outpacing visa again, as they have done since late 2024. JPMorgan expanded its deposit-token pilot, Citi explored tokenized deposits for cross-border repairs and re-proven visa as stablecoins as its network visa.
The report also features a 220% month-to-month jump on the market cap of widely exchanged tokenized stocks such as Tesla (Tsla). The company does not include Exodus movement (Exod) Shares are issued by securitize from its calculations, saying they put the calculation.
Tokenization is the process of representing real-world assets (Rwas) such as stocks as digital equivalent that can be exchanged with blockchains. Until June this year, the RWA tokenization market reached $ 24 billion worth.
Active on-chain addresses for tokenized stocks rise to 90,000 out of 1,600, while centralized exchanges are facilitated by more than 70 times more volume than on-chain areas. Binance compared the sector’s growth to the Boom of Defi’s 2020-2021 and estimated that only tokenizing of 1% of global equality could create a $ 1.3 trillion market.
NFT sales rebounded by nearly 50% in July, led by a 393% jump in cryptopunks transactions, while the Bitcoin NFTS saw a 28% increase. However, volumes remain below peaks that have previously been cycled.
The report suggests that if macroeconomic tailwinds are holding, the capital of the altcoins, in conjunction with the regulation of green light for stablecoins and tokenized assets, can accelerate the integration of crypto into mainstream finance.
