DeFi TVL Hits $270B as Tokenized Stocks and NFT DApps Boom

Published: 2025-08-13 06:55:10 |

DeFi TVL hit a record $270 billion in July, up 30% month-on-month, driven by tokenized stock wallets rising from 1.6 k to over 90 k and a 220% market-cap surge. Meanwhile, NFT DApps saw trading volume jump 96% to $530 million and average prices double to $105. Daily active wallets reached 22 million, with 3.85 million interacting with NFT platforms—slightly outpacing DeFi. Ethereum-based Blur captured 80% of NFT volume, OpenSea led with 27,000 traders, and Layer-2 platform Zora gained traction via its ZORA token. Major brands such as Nike, Louis Vuitton, Rolex and Coca-Cola China launched NFT pilots. Despite this rebound, 2024 NFT volume and sales are still 19% and 18% lower year-on-year, and H1 2025 sales totaled $2.82 billion, down 4.6% from H2 2024 and far below 2021 peaks.

Bullish

Record DeFi TVL and surging NFT DApp volume signal strong demand for DeFi protocols and non-fungible assets. In the short term, this influx of capital and heightened trading activity on platforms like Blur and Zora is likely to drive up prices of ETH and related tokens, reinforcing bullish momentum. Over the long term, sustained interest in tokenized stocks and major brand NFT initiatives points to deeper market adoption, which could support a continued uptrend. However, NFT volumes remain below 2021 highs, suggesting growth may moderate as the market matures.