July DApp Report: DeFi TVL Hits $270B & NFT Activity Soars
July’s DApp report reveals mixed Web3 activity. Daily active wallets fell 8% to 22 million, as summer cooled engagement. DeFi TVL surged 30% to a record $270 billion, led by Ethereum. NFT trading volume jumped 96% to $530 million, with average prices doubling to $105. Tokenized stocks market cap spiked 220%, driven by growing demand for real-world assets. GameFi interactions rose 2%, while AI DApps declined 14% despite gains for Dmail, XPIN and ChainGPT.
The DApp report also highlights security risks. Smart contract exploits caused $132 million in losses, up 16% month-on-month. On regulation, US lawmakers advanced the GENIUS Act for stablecoins and the CLARITY Act on asset classification. The SEC’s Project Crypto aims to bridge DeFi and traditional finance.
For traders, the DApp report signals strong DeFi yields and NFT momentum in the short term. Long term, wider adoption of tokenized assets and regulatory clarity could bolster market confidence. However, security vulnerabilities underscore the need for careful risk management.
Bullish
Record highs in DeFi TVL and NFT trading, along with a 220% surge in tokenized stocks, indicate growing demand and strong market momentum. Regulatory progress on stablecoin and asset classification, plus the SEC’s Project Crypto, adds clarity and institutional appeal. Although smart contract exploits rose, the overall trend points to bullish sentiment as traders chase yields and new tokenized opportunities.