Gate Research’s latest publication, “Gate Research: July Crypto Market Review,” summarizes and analyzes July’s market performance, on-chain data, trending developments, funding activity, security incidents, and upcoming events, offering in-depth insights into the overall performance of the crypto market and key industry trends.

Abstract

• Crypto Market Performance: In July, the total cryptocurrency market capitalization showed an accelerated upward trend, with the total market cap breaking through $4 trillion in late July.

• On-Chain & DEX Data: PancakeSwap remained the standout performer in early July, being the only DEX with a trading volume exceeding $5 billion. By the end of July, Pump.fun briefly surpassed PancakeSwap, reaching a trading volume of over $5 billion.

• Trending Projects: In July, LetsBonk.fun surpassed the long-dominant Pump.fun in token issuance volume and market share, maintaining a stable market share above 50% and holding a leading 70%–90% share after July 8.

• Funding & Security Events: According to CryptoRank data, the Web3 industry completed 132 financing deals in July, totaling $3.68 billion, with a 10.92% month-on-month increase in deal count but a 28.4% decrease in total value. Funds primarily flowed to CeFi ($1.62 billion) and blockchain services ($1.4 billion), reflecting a structural trend of “infrastructure first, services leading, and application differentiation.”

Disclaimer
Investing in the cryptocurrency market involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such investment decisions.