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

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Locked liquidity connected decentralized concern (DeFi) applications reached a grounds $270 cardinal successful July, partially driven by tokenized stocks growth.

DappRadar’s information shows the full worth locked (TVL) successful DeFi protocols jumped 30% month-over-month, portion progressive wallets for tokenized stocks soared from astir 1,600 to much than 90,000, pushing their marketplace headdress up 220%.

Meanwhile, NFT trading volumes jumped 96% to $530 cardinal during the month. The mean NFT terms besides doubled to astir $105 arsenic much users engaged with the market.

NFT enactment edges up of DeFi

While DeFi liquidity climbed, idiosyncratic attraction shifted elsewhere. In July, astir 3.85 cardinal of the 22 cardinal regular progressive wallets interacted with NFT DApps — somewhat much than were progressive successful DeFi.

Ethereum-based marketplace Blur drove overmuch of the activity, capturing up to 80% of regular NFT volume, portion OpenSea topped progressive users astatine astir 27,000 traders. Zora besides gained momentum with its creator-first furniture 2 and $ZORA token for low-cost minting.

Major brands continued experimenting with NFTs. Nike.SWOOSH partnered with EA Sports for virtual sneaker drops, and Louis Vuitton, Rolex and Coca-Cola (China) launched authentication and collectible pilots.

NFT trading measurement besides roseate astir 36% successful July to $530 million, up from $389 cardinal successful June, though it’s inactive down from its 2025 precocious of $997 cardinal successful January.

As reported by Cointelegraph, determination has been a resurgence successful involvement successful OG NFT collections similar CryptoPunks. Data from NFT Floor Price shows the Ethereum-based postulation is up implicit 25% the past month.

During the past 24 hours, 9 of the apical 10 NFT income were CryptoPunks: The lone non-Punk merchantability being an NFT from the Web3 creator Beeble.

NFT marketplace is inactive acold from its 2021 boom

Despite July’s rebound, NFTs are inactive underwhelming compared to past peaks. DappRadar’s 2024 manufacture overview shows that NFT trading measurement dropped 19% year‑over‑year, and income counts declined 18%, making 2024 1 of the weakest years since 2020.

CryptoSlam information for H1 2025 further underscores the dilatory recovery: NFT income totaled $2.82 billion, down 4.6% from the 2nd fractional of 2024.

While determination was a notable resurgence successful July, with trading measurement and level prices rising, the marketplace inactive good beneath its 2021 highs, erstwhile trading volumes ran into the tens of billions.

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