In July 2025, the cryptocurrency market cap increased by 13%, primarily driven by ether (ETH), which surged by 51%. This rise coincided with a significant increase in corporate treasury holdings of ether, surpassing 2.7 million ETH. Key factors included staking yield, ETH's deflationary supply, and companies becoming more comfortable holding cryptocurrencies. Bitcoin dominance fell by 5.2 percentage points to 60.6% due to the passage of major U.S. crypto regulations, including those for fully reserved stablecoins. Monthly stablecoin transfer volumes reached $2.1 trillion, surpassing those of Visa, supported by initiatives from institutions like JPMorgan and Citi. Tokenized stocks also experienced a remarkable growth of 220% month-on-month, with active on-chain addresses for these assets increasing significantly. The report noted that tokenization could potentially represent a $1.3 trillion market if just 1% of global equities were tokenized. Additionally, NFT sales rebounded by nearly 50%, signaling a broader recovery in the crypto market. The combination of these elements suggests a continued integration of cryptocurrencies into mainstream finance.

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