đ Exciting Crypto Market Update! đ
Binance Research just dropped a comprehensive report on July's crypto market trends. Here's the scoop:
- **Market Growth**: The crypto market value surged by 6.1%, thanks to the SEC approving nine spot Ethereum ETFs and Germany selling 50,000 BTC.
- **Ethereum ETFs**: Initial trading volume hit $5.8B, with a net inflow of $1.5B despite some withdrawals.
- **DeFi Boom**: Total Value Locked (TVL) in DeFi grew by 3.5%, with CORE, Scroll, and Mantle leading the charge.
- **Polymarket**: Trading volume skyrocketed by 614%, driven by election cycle buzz.
- **NFTs**: Sales dipped by 7.14%, but Solana-based collectibles gained traction.
What are your thoughts on these trends? Share in the comments! đŹ
