July DApp Report: DeFi TVL Don Hit $270B & NFT Wahala Dey Blow
July DApp report show say Web3 activity dey mixed. Daily active wallets fall 8% reach 22 million, as summer cool down engagement. DeFi TVL jump 30% reach record $270 billion, Ethereum lead am. NFT trading volume rise 96% reach $530 million, average price double to $105. Tokenized stocks market cap spike 220%, na demand for real-world assets dey drive am. GameFi interactions rise 2%, AI DApps fall 14% though Dmail, XPIN and ChainGPT still dey gain.
DApp report also highlight security risk. Smart contract exploit cause $132 million loss, up 16% month-on-month. For regulation, US lawmakers move GENIUS Act for stablecoins and CLARITY Act on asset classification. SEC’s Project Crypto want bridge DeFi and traditional finance.
For traders, DApp report show strong DeFi yields and NFT momentum short term. Long term, more adoption of tokenized assets plus regulatory clarity fit boost market confidence. But security shakiness show make dem dey careful with risk management.
Bullish
Record high for DeFi TVL and NFT trading, plus 220% jump for tokenized stocks, show say demand dey grow and market dey strong. Regulatory progress on stablecoin and asset classification, plus SEC’s Project Crypto, dey bring clear direction and e dey attract institutions. Even though smart contract exploits increase, overall trend still be bullish as traders dey pursue yields and new tokenized chances.