Crypto market total value tops $2 trillion as DEX share hits 24% in July

In July, the total market capitalization of crypto assets rose by about $123 billion, reaching roughly $2.16 trillion. Decentralised exchanges (DEX) captured a record 24 percent of spot trading volume, up from 17 percent a year earlier, with platforms such as Uniswap and Aerodrome leading the surge.

The rally was driven by expectations that the U.S. Federal Reserve may pause interest‑rate hikes as inflation eases, alongside a temporary de‑escalation of U.S.–Iran tensions. Positive regulatory news, notably the U.S. Senate Banking Committee’s CLARITY Act receiving approval, further boosted investor confidence. Bitcoin climbed 7.2 percent to about $62,885, while Ethereum posted an 18 percent gain, marking its strongest monthly rise in eleven months. Spot Bitcoin ETF inflows and broader liquidity improvements also supported the upward move.

Overall, the data indicate a shift of investor appetite toward riskier digital assets and a growing preference for on‑chain trading venues.