DeFi soars with tokenized stocks, but user activity shifts to NFTs: report

DeFi liquidity rose to a record 270 billion USD in July, largely fueled by the increase in tokenized stocks. The total value locked in DeFi saw a month-over-month increase of 30%.

Active users in NFT DApps surpassed DeFi users, with trading volumes climbing 96% to 530 million USD. Significant collaborations from brands like Nike and Louis Vuitton fueled this growth.

Despite the July surge, NFT trading volumes are down from all-time highs in January 2025. The market continues to face challenges, with trading activity remaining significantly below past peak levels.

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