Key Takeaways
The total market value of global cryptocurrencies is $3.89 trillion, up 12.75% from $3.45 trillion last week. As of press time, the total net inflow of US Bitcoin spot ETFs is about $52.36 billion, with a net inflow of $2.72 billion this week; the total net inflow of US Ethereum spot ETFs is about $5.31 billion, with a net inflow of $907 million this week.
The total market value of stablecoins is US$253.4 billion, of which USDT has a market value of US$159.5 billion, accounting for 62.94% of the total market value of stablecoins; followed by USDC with a market value of US$63.6 billion, accounting for 25.09% of the total market value of stablecoins; and DAI with a market value of US$5.36 billion, accounting for 2.12% of the total market value of stablecoins.
According to DeFiLlama data, the total TVL of DeFi this week is $127.2 billion, up about 9.28% from $116.4 billion last week. Divided by public chains, the three public chains with the highest TVL are Ethereum, accounting for 57.23%; Solana, accounting for 7.21%; and Bitcoin, accounting for 5.56%.
From the on-chain data, the overall activity of mainstream public chains increased this week. The daily transaction volume of Ton chain increased by 210%, which was the most outstanding performance. Ethereum , Solana and Sui increased by 74.78%, 76.51% and 80% respectively, while Aptos and BNB increased relatively limitedly. In terms of transaction fees, Sui increased by 50%, Ethereum doubled, and the other chains did not change much. In terms of daily active addresses, Ethereum and Aptos increased by 9.61% and 11.47% respectively, and Sui fell by 31.14%; in terms of TVL, only Aptos fell slightly (-3.47%), and the other chains all rose slightly, with Ethereum and Sui increasing by 11.19% and 12.24% respectively.
New projects to watch: KOR Protocol is an IP infrastructure protocol focused on entertainment content, designed to help creators manage, distribute and monetize their intellectual property on-chain. BridgePort is a middleware infrastructure designed for institutional-level crypto transactions, focusing on the on-chain and automation of credit allocation and settlement processes. NEXBRIDGE is a project based on the Salvadoran compliance framework that issues regulated digital assets on Bitcoin Layer 2 (Liquid Network), dedicated to connecting traditional finance with on-chain markets.
Table of contents
Key Takeaways
Table of contents
1. Market Overview
1. Total cryptocurrency market value/Bitcoin market value share
2. Fear Index
3. ETF inflow and outflow data
4. ETH/BTC and ETH/USD exchange ratio
5.Decentralized Finance (DeFi)
6. On-chain data
7. Stablecoin market value and issuance
2. Hot money trends this week
1. The top five VC coins and meme coins with the highest growth this week
2. New Project Insights
3. New trends in the industry
1. Major industry events this week
2. Big events coming up next week
3. Important investment and financing last week
4. Reference links
1. Market Overview
1. Total cryptocurrency market value/Bitcoin market value share
The total market value of global cryptocurrencies is $3.89 trillion, up 12.75% from $3.45 trillion last week.
Data source: Cryptorank
Data as of July 13, 2025
As of press time, Bitcoin ’s market cap is $2.36 trillion, accounting for 60.6% of the total cryptocurrency market cap. Meanwhile, stablecoins’ market cap is $253.4 billion, accounting for 6.51% of the total cryptocurrency market cap.
Data source: coingeck
Data as of July 13, 2025
2. Fear Index
The cryptocurrency fear index is at 75, indicating greed.
Data source: coin glass
Data as of July 13, 2025
3. Inflow and outflow data
As of press time, the U.S. Bitcoin spot ETF has accumulated a total net inflow of approximately US$52.36 billion, with a net inflow of US$2.72 billion this week; the U.S. Ethereum spot ETF has accumulated a total net inflow of approximately US$5.31 billion, with a net inflow of US$907 million this week.
Data source: sosovalue
Data as of July 13, 2025
4. ETH/BTC and ETH/USD exchange ratio
ETHUSD: Current price $2,969.58, historical high price $4,878.26, a drop of about 39.08% from the highest price
ETHBTC: Currently 0.024950, the highest in history is 0.1238
Data source: ratiogang
Data as of July 13, 2025
5.Decentralized Finance (DeFi)
According to DeFiLlama, the total TVL of DeFi this week is $127.2 billion, up about 9.28% from $116.4 billion last week.
Data source: defillama
Data as of July 13, 2025
Divided by public chains, the three public chains with the highest TVL are Ethereum chain, accounting for 57.23%; Solana chain, accounting for 7.21%; Bitcoin, accounting for 5.56%.
Data source: CoinW Research Institute, defillama
Data as of July 13, 2025
6. On-chain data
Layer 1 Data
The main data of Layer 1 including ETH, SOL, BNB, TON, SUI and APT are analyzed mainly from the perspective of daily transaction volume, daily active addresses and transaction fees.
Data source: CoinW Research Institute, defillama, Nansen
Data as of July 13, 2025
Daily trading volume and transaction fees: Daily trading volume and transaction fees are core indicators for measuring the activity of public chains and user experience. The daily trading volume of all public chains has increased this week, among which the TON chain has performed the best, with an increase of up to 210%. Ethereum, Solana and Sui increased by 74.78%, 76.51% and 80% respectively, while Aptos (+ 7.06%) and BNB chain (+ 18.55%) had relatively limited increases. In terms of transaction fees, BNB and TON were basically the same as last week, Aptos (+ 2.81%) and Solana (+ 6.04%) increased slightly, Sui increased significantly by 50%, and Ethereums transaction fees doubled, up 100%. .
Daily active addresses and TVL: Daily active addresses reflect the ecological participation and user stickiness of the public chain, and TVL reflects the degree of user trust in the platform. This week, the daily active addresses of Ethereum and Aptos increased by 9.61% and 11.47% respectively; Ton remained basically the same; Sui fell significantly, down 31.14%; Solana and BNB fell slightly, down 6.63% and 3.27% respectively. In terms of TVL, only Aptos fell slightly (-3.47%), and the rest of the public chains rose. Among them, Ethereum and Sui increased by 11.19% and 12.24% respectively, while Solana, BNB and Ton increased slightly, by 4.98%, 3.84% and 5.71% respectively.
Layer 2 Data
According to L2B eat data, the total TVL of Ethereum Layer 2 is 36.67 billion US dollars, an overall increase of 9.46% this week compared with last week ($ 33.5 billion).
Data source: L2Beat
Data as of July 13, 2025
Base and Arbitrum took the top spot with 36.78% and 33.78% market shares respectively, and their overall share increased.
Data source: footprint
Data as of July 13, 2025
7. Stablecoin market value and issuance
According to Coinglass data, the total market value of stablecoins is US$253.4 billion, of which USDT has a market value of US$159.5 billion, accounting for 62.94% of the total market value of stablecoins; followed by USDC with a market value of US$63.6 billion, accounting for 25.09% of the total market value of stablecoins; and DAI with a market value of US$5.36 billion, accounting for 2.12% of the total market value of stablecoins.
Data source: CoinW Research Institute, Coinglass
Data as of July 13, 2025
According to Whale Alert data, USDC Treasury issued a total of 1.373 billion USDC this week, and Tether Treasury issued a total of 1 billion USDT this week. The total amount of stablecoin issuance this week was 2.373 billion, an increase of 16.32% from the total amount of stablecoin issuance last week (2.04 billion).
Data source: Whale Alert
Data as of July 13, 2025
2. Hot money trends this week
1. The top five VC coins and meme coins with the highest growth this week
Top five VC coins with the highest growth in the past week
Data source: CoinW Research Institute, coinmarketcap
Data as of July 13, 2025
Top 5 Meme Coins That Gained in the Past Week
Data source: CoinW Research Institute, coinmarketcap
Data as of July 13, 2025
2. New Project Insights
KOR Protocol is an IP infrastructure protocol focused on entertainment content, designed to help creators manage, distribute and monetize their intellectual property on-chain. By combining AI tools and decentralized applications, KOR Protocol creates a comprehensive on-chain entertainment ecosystem, promotes the deep integration of IP and Web3, and is committed to building the worlds largest on-chain IP economic system.
BridgePort is a middleware infrastructure designed specifically for institutional-level crypto trading, focusing on the on-chain and automation of credit allocation and settlement processes. By connecting custodians and exchanges, BridgePort has created an efficient and interoperable trading network that supports the secure and real-time flow of assets within the ecosystem, thereby achieving seamless integration and liquidity for institutional trading.
NEXBRIDGE is a project that issues regulated digital assets on Bitcoin Layer 2 (Liquid Network) based on the Salvadoran compliance framework, and is committed to connecting traditional finance with on-chain markets. Its first product is the USTBL stable asset backed by U.S. Treasury bonds, which has custody, auditing and redeemable mechanisms. NEXBRIDGE aims to create a secure and transparent Bitcoin native financial market and promote the compliant entry of institutional capital.
3. New trends in the industry
1. Major industry events this week
BOOM launched the TGE and airdrop activities on July 8th from 16:00 – 18:00 (UTC+ 8). The eligibility snapshot was completed on July 6th. Eligible users can complete the participation operation during this period. The planned total airdrop is 5% of the total supply (i.e. 50 million BOOM), 40% will be issued on the day of TGE, and the remaining 60% will be released after 30 days.
Space Nation (OIK) officially launched the TGE and airdrop activities on July 8. Eligible users can receive 750 OIK tokens each. In addition, the official will also launch a trading competition, and participants will have the opportunity to share 5 million OIK rewards. Space Nation is a AAA space exploration MMORPG game. OIK tokens are used as governance tokens in the game and will be used for various activities and transactions in the game.
Bedrock has officially confirmed that a serious liquidity imbalance occurred in the BR/USDT trading pair on July 9, causing some traders to experience significant slippage during UTC 10:30 – 12:00. To compensate the affected users, the official announced on July 10 that a special one-time airdrop compensation will be made to users who participated in transactions during this period and did experience slippage. Each wallet can receive a maximum of 200 USDT equivalent compensation. If the user meets the conditions, he can receive the compensation through the Bedrock airdrop page.
On July 9, Hyperion, the largest DEX in the Aptos ecosystem, officially launched the Genesis airdrop plan, which will reward 5% of the total supply in the form of RION tokens to users who made real contributions in the early stages of the ecosystem, including Swap traders, liquidity providers, community task participants, and early Aptos airdrop users. This distribution will adopt a multi-stage model to ensure long-term alignment of incentives and contributions.
RCADE will launch TGE on July 9, 2025, and simultaneously launch an airdrop plan to issue rewards to early interactive users and points participants. This airdrop adopts a phased distribution model, supports multi-platform claims, and uses user interaction data as the basis for distribution, further promoting the activity and growth of the ecological community. The project has completed the token pre-sale in early July, with a total issuance of 40 billion tokens and a pre-sale price of approximately 0.00075 USDT.
On July 12, 2025, Pump.fun officially launched the TGE (Token Generation Event) of its native token $PUMP, with a total of 150 billion tokens for public sale, accounting for 15% of the total supply, with an issue price of US$0.004, a target financing of US$600 million, and a valuation of up to US$4 billion. All public and private shares were 100% unlocked on the day of TGE, which is one of the most watched meme issuance platform token events in recent times.
2. Big events coming up next week
Sonic announced that the first season of airdrops will be open at random times between July 15 and 22, and eligible users can claim airdrop tokens on the official platform. The airdrop will be distributed in two phases, 25% of the tokens can be traded immediately, and the remaining 75% will be gradually released in 270 days through lock-up and NFT forms, aiming to reward early supporters of the community and promote ecological development.
Catex (CATX) will hold a TGE event at 15:00 UTC on July 16, with a total supply of 100 million tokens. 25% will be unlocked on the day of TGE, and the rest will be released in installments in 6, 12, and 24 months in the form of veCATX. The project is currently conducting an IDO through Spores Network (July 11-13) and Fount Launchpad (July 14-16), with an issue price of $0.10. The project also plans to reserve a large proportion of tokens for community airdrops and incentive programs, focusing on governance participation and user incentives, and strengthening community-oriented ecological construction.
t3rn (TRN) will launch an IDO from July 14 to 16, 2025, with an issue price of $0.50 and a total fundraising of approximately $1.35 million. The tokens sold will be 100% unlocked on the day of TGE. TGE will be held shortly after the end of IDO, and the specific time will be announced after the sale. Previously, t3rn launched the BRN Airdrop Plan, encouraging users to obtain BRN tokens through cross-chain transactions and community tasks between the test network and the main network. During TGE, they can be exchanged for TRN in proportion, with an upper limit of 5% of the total token supply. Users can verify airdrop qualifications and check Sybil risks through the official Airdrop Checker tool.
Declan Fox, the head of Linea project, posted on social media on July 12 that the team is ready to deliver on the Linea plan previously released in Bangkok, and will make a detailed announcement later this month. When community members asked whether the plan was related to the Token Generation Event (TGE), Declan clearly replied Yes, confirming that the TGE is about to start, marking that Linea will move from the technical infrastructure stage to the token economy and ecological incentive stage, and the specific details are expected to be announced in the near future.
3. Important investment and financing last week
Kuru Labs announced the completion of a $11.5 million Series A financing led by Paradigm, with participation from angel investors including 0x Designer, Viktor Bunin, Zagabond, Tristan Yver, Kevin Pang, Will Price, Alex Watts, Jordan Hagan, 3 nes, Shreyas Hariharan, Auri and Joe Takayama. Kuru Labs is a decentralized trading platform deployed on the high-performance Layer 1 blockchain Monad, dedicated to building a full-chain trading infrastructure that integrates order books and automated market making mechanisms (AMMs). (July 7, 2025)
Swedish health and longevity company H100 Group announced that it has completed a total of US$10.5 million (approximately SEK 101 million) in financing to expand its Bitcoin reserve strategy. This round of financing was participated by Blockstream CEO Adam Back, UTXO Management and several family offices. The funding structure includes 69.65 million SEK equity financing and 31.35 million SEK interest-free convertible bonds, which can be converted into shares at 1.75 SEK per share. Since the first purchase of Bitcoin on May 22, H100s stock price has risen by nearly 400%. (July 9, 2025)
Stablecoin startup Agora has completed a $50 million Series A funding round, led by Paradigm and participated by Dragonfly. Agora is launching a stablecoin AUSD backed by cash, treasury bonds and overnight repurchase agreements, and provides white label services, allowing other institutions to issue their own branded versions of AUSD while sharing its liquidity and interoperability to promote the standardization and expansion of the stablecoin ecosystem. (July 10, 2025)
Upexi Inc. (NASDAQ: UPXI), a US-listed company, announced the completion of a $200 million financing, including $50 million in common stock and $150 million in convertible notes, led by Big Brain Holdings and AGP as the exclusive private placement agent. Part of the financing will be used to expand existing businesses, and more funds will be invested in its Web3 strategic layout, focusing on increasing holdings of Solana assets. The notes are backed by investors pledging SOL. After the financing is completed, Upexis Solana holdings will increase from 736,000 to approximately 1.65 million, and plans to continue to increase holdings in the future. (July 11, 2025)
4. Reference links
1. KOR Protocol: http://korprotocol.io
2. BridgePort: https://www.bridgeportmq.com/
3. Agora: https://www.agora.finance/
4. H100: https://www.h100.group/
5. NEXBRIDGE: https://nexbridge.io/
6. Upexi: https://www.upexi.com/
