The latest report from Gate Research, “Gate Research: July Crypto Market Review,” summarizes and analyzes the market performance, on-chain data, hot topics, financing information, security incidents, and future events of July, providing in-depth insights into the overall performance of the crypto market and key industry trends.
Summary
- Crypto Market Performance: The total market value of cryptocurrencies showed an accelerated upward trend in July, surpassing $4 trillion in late July. A core factor driving the increase in the total market value of cryptocurrencies is the expectation that the Federal Reserve will gradually lower interest rates in 2025.
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- On-chain and DEX Data: In terms of DEX trading volume, PancakeSwap was still the standout at the beginning of July, being the only DEX with a trading volume exceeding 5 billion USD. By the end of July, Pump.fun briefly surpassed 5 billion USD in trading volume, overtaking PancakeSwap.
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- Trends in Hot Projects: In July, LetsBonk.fun completely surpassed the long-time leader Pump.fun in terms of issuance volume and market share, stabilizing its market share at over 50%, and maintaining a dominant share of 70%-90% for a long time after July 8.
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- Financing and Security Events: In July, the Web3 industry completed 132 financing rounds, with a total amount reaching 3.68 billion USD, a 10.92% increase in the number of deals compared to the previous month, but a 28.4% decrease in total amount. Funds mainly flowed to CeFi (1.62 billion USD) and blockchain services (1.4 billion USD), showing a structural trend of “infrastructure priority, service supremacy, and application differentiation.”
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