Gate Research Institute: Review of the Crypto Assets Market in July 2025

The latest report from Gate Research, "Gate Research: July Crypto Market Review," summarizes and analyzes the market performance, on-chain data, hot topics, financing information, security incidents, and future events of July, providing in-depth insights into the overall performance of the crypto market and key industry trends.

Summary

• Crypto Market Performance: The total market value of cryptocurrencies showed an accelerated upward trend in July, surpassing $4 trillion in late July. A core factor driving the increase in the total market value of cryptocurrencies is the expectation that the Federal Reserve will gradually lower interest rates in 2025.

• On-chain and DEX Data: In terms of DEX trading volume, PancakeSwap was still the standout at the beginning of July, being the only DEX with a trading volume exceeding 5 billion USD. By the end of July, Pump.fun briefly surpassed 5 billion USD in trading volume, overtaking PancakeSwap.

• Trends in Hot Projects: In July, LetsBonk.fun completely surpassed the long-time leader Pump.fun in terms of issuance volume and market share, stabilizing its market share at over 50%, and maintaining a dominant share of 70%-90% for a long time after July 8.

• Financing and Security Events: In July, the Web3 industry completed 132 financing rounds, with a total amount reaching 3.68 billion USD, a 10.92% increase in the number of deals compared to the previous month, but a 28.4% decrease in total amount. Funds mainly flowed to CeFi (1.62 billion USD) and blockchain services (1.4 billion USD), showing a structural trend of "infrastructure priority, service supremacy, and application differentiation."

Disclaimer Investing in the crypto assets market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate Gate does not bear any responsibility for any losses or damages resulting from such investment decisions.