Decentralized Finance liquidity surges due to tokenization of stocks, but user activity shifts towards NFT.

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.