📈 Altcoins drive July's market growth

According to Binance Research's latest report, crypto market expanded 13% in July, with capital rotating out of Bitcoin and into altcoins. Here are the main datapoints from the full report:

📌 Ethereum leads adoption: +48% in July; 24 more companies added ETH. Companies' holdings jumped 128% to 2.7M $ETH, which indicates they increasingly prefer direct ETH exposure over ETFs.

📌 Bitcoin dominance drops: down 5.2pp to 60.6% as investors eye Fed rate cuts and the passage of three U.S. crypto bills, including the GENIUS Act.

📌 Stablecoins & tokenization (RWA) surge: $2.1T in stablecoin transfers (again outpacing Visa) and a 220% MoM jump in tokenized stock market cap. Active addresses for tokenized stocks soared from 1,600 to 90,000.

📌 NFTs rebound: sales rose nearly 50%, driven by renewed interest in CryptoPunks and Bitcoin-based #NFT​ 's.

Binance Research concludes that macro tailwinds and regulatory clarity could accelerate the ongoing altcoin rotation, reshaping the market beyond Bitcoin. I see the diversification into altcoins and RWAs as a signal that the market is finally starting to mature beyond a single narrative.