#Binance Research’s latest report highlights key developments in the cryptocurrency market during July
⚫ Strong first week trading volumes ($5.8 billion) seen with spot ETH #ETF✅ s being launched, but net outflows ($484 million) mainly due to Grayscale’s #EthereumEFT outflows
⚫ DEX volumes up 42.2% on meme coin trading
⚫ Solana (#SOLUSD ) and #XRP led with gains of 30.5% and 27.6% respectively
⚫ TVL in DeFi up 3.5% with significant growth in #CORE, Scroll, and Mantle
⚫ NFT sales volume down 7.14%, Ethereum collectibles face biggest declines