Golden Finance reports that data from DappRadar shows that the Total Value Locked (TVL) in Decentralized Finance protocols has risen by 30% month-on-month, while the number of active Wallets for tokenized stocks has surged from about 1,600 to over 90,000, driving its market capitalization up by 220%.
At the same time, the trading volume of NFTs in the month rose by 96%, reaching $530 million. With more users participating in the market, the average price of NFTs also doubled, reaching about $105.
Despite the rise in DeFi liquidity, user attention has shifted to other areas. In July, among 22 million daily active wallets, approximately 3.85 million interacted with NFT decentralized applications (DApps) — slightly more than the number of wallets active in the DeFi space.
The Ethereum-based trading platform Blur is the driving force behind most of the activity, accounting for 80% of the daily NFT trading volume, while OpenSea has the highest number of active users, with about 27,000 traders. Zora has also gained momentum with its creator-first layer two network and the $ZORA Token for low-cost minting.
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