Spot DEX trading volume dropped to roughly $130.77 billion, its lowest level since September 2024, a 26% decline from June’s $177.55 billion. This contraction coincided with a $2.23 billion shrink in stablecoin supply, bringing market capitalization to $308.473 billion. Paradoxically, the total crypto market cap gained $192 billion over the same period. On-chain FX volume fell to $646.12 million from $721.42 million in June, while tokenized equities volume crashed to $1.405 billion from $3.56 billion the previous month.
Source: Read the original article
