According to DappRadar data, the total value locked in DeFi protocols reached a record high of $270 billion in July, a 30% month-over-month increase. Tokenized stocks were a key growth driver, with the number of active wallets surging from approximately 1,600 to over 90,000, and market capitalization increasing by 220%.

During the same period, NFT transaction volume increased by 96% month-over-month to $530 million, with approximately 3.85 million daily active wallets interacting with NFT DApps, slightly higher than DeFi. Despite the market recovery in July, NFT transaction volume is still lower than the peak in 2021. (Cointelegraph)